Boston, MA 03/04/2014 (wallstreetpr) – Yandex NV (NASDAQ:YNDX) changed hands for as low as $31.55 per share in Monday trading. Eventually the stock closed the day down more than 14 percent to $32.23. The stock was clearly troubled by Russia’s invasion of Ukraine, a move that has heightened political tension in the region and attracted rounds of condemnation from the U.S. and other Western powers. The escalating tension in Crimea went down with YNDX and other Russia stocks as well. Also taking a beating Monday were Mobile TeleSystems OJSC (ADR) (NYSE:MBT), Qiwi PLC (NASDAQ:QIWI) and VimpelCom Ltd (ADR) (NASDAQ:VIP). As Russia keeps its troops in Crimea, the U.S. and other nations have warned of consequences.
FuelCell Energy Inc (NASDAQ:FCEL) popped more than 11 percent to attain a new one-year high of $2.20 in Monday trading session. The stock has been climbing steadily of late and that gain is being linked to the positive prospects in its industry and the deal between its peer Plug Power Inc (NASDAQ:PLUG) and retail giant Wal-Mart Stores Inc (NYSE:WMT). The fuel cells solutions provider Plug Power inked a battery supply agreement with Wal-Mart for which it will supply the retailer with hydrogen fuel cells to its six sites for running of electric lift trucks. Industry experts have pointed out that the deal between PLUG and WMT could open up more deals with other companies in need of the same power solution. Thus, FuelCell Energy Inc (NASDAQ:FCEL) could benefit in the process as companies turn to the cost-effective, clean, reliable and efficient fuel cell solution.
Rite Aid Corporation (NYSE:RAD) which has been revealed to be an exciting stock for hedge fund manager had a poor show in the last session. The stock fell 0.15 percent to $6.58 in the regular session, a trend that went all the way into the post-market trading. RAD ended the day among the heavily traded stocks on NYSE: The latest drop of the stock had no compelling story around it, save for the fact that competition remains an issue for the company to deal with.
