President Vladimir Putin’s threat to subject Yandex NV (NASDAQ:YNDX), Russia’s largest search-engine company, to more regulation is deepening the stock’s selloff. Yandex NV (NASDAQ:YNDX) shares after opening at $25.70 moved to $25.70 on last trade day and at the end of the day closed at $24.00. Company price to sales ratio in past twelve months was calculated as 7.10 and price to cash ratio as 8.41. Yandex NV (NASDAQ:YNDX) showed a negative weekly performance of -19.87%.
Cytokinetics Inc. (NASDAQ:CYTK) announced the top-line results of BENEFIT-ALS (Blinded Evaluation of Neuromuscular Effects and Functional Improvement with Tirasemtiv in ALS). Detailed results will be presented during the 66th Annual Meeting of the American Academy of Neurology (AAN), Pennsylvania Convention Center, Philadelphia, Pa. Cytokinetics, Inc. (NASDAQ:CYTK) shares fell -64.67% in last trading session and ended the day on $4.59. CYTK return on equity ratio is recorded as -65.90% and its return on assets is -40.80%. Cytokinetics, Inc. (NASDAQ:CYTK) yearly performance is -42.48%.
SINA Corporation (NASDAQ:SINA) announced that it had received three notices from Beijing Municipal Cultural Market Administrative Law Enforcement Unit concerning alleged violations of PRC regulations on the Company’s distribution of certain unhealthy and indecent literary content on its online reading channel book.sina.com.cn and certain unhealthy and indecent video content uploaded by users on its website www.sina.com.cn. SINA Corp (NASDAQ:SINA) shares moved down -6.76% in last trading session and was closed at $48.15, while trading in range of $48.07 – $50.97. SINA Corp (NASDAQ:SINA) year to date (YTD) performance is -42.85%.
With Cree Inc. (NASDAQ:CREE) establishing its foothold in the LED light market, one should not forget that 58% of its revenue as per last quarter’s results were from the LED chips division. The LED chips market has an enormous growth potential that enables companies like CREE to stay focused with innovative and advanced LED chips that make it a leader in the LED chip segments. Cree, Inc. (NASDAQ:CREE) weekly performance is -15.21%. On last trading day company shares ended up $47.94. Cree, Inc. (NASDAQ:CREE) distance from 50-day simple moving average (SMA50) is -18.22%. Analysts mean target price for the company is $63.41.
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