Yandex Down After Holders Plan Sale
March 12, 2013 at 14:49 PM EDT
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,