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Yandex Down After Holders Plan Sale

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Shares of Yandex (NASDAQ: YNDX) tumbled more than 7% Tuesday after insiders announced they were offering 24.3 million shares. The group of sellers includes the company's founders.

Yandex is Russia's biggest search engine, with about 60% of the Russian search market. Since going public on the Nasdaq in mid-2011, Yandex has performed poorly, tumbling over 30%.

 

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