Nasdaq Resumes Trading In Nebius Group N.V. At 9:00 a.m. ET On October 21, 2024
Portfolio Pulse from Benzinga Newsdesk
Nasdaq announced the resumption of trading for Nebius Group N.V. (NASDAQ:NBIS) on October 21, 2024, after a halt since February 28, 2022, when it was known as Yandex N.V. (NASDAQ:YNDX).
October 18, 2024 | 8:07 pm
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NEUTRAL IMPACT
Nasdaq (NASDAQ:NDAQ) announced the resumption of trading for Nebius Group N.V. (NASDAQ:NBIS).
While Nasdaq's role in resuming trading is significant, it is unlikely to have a direct impact on Nasdaq's stock price.
CONFIDENCE 80
IMPORTANCE 30
RELEVANCE 50
NEUTRAL IMPACT
Nebius Group N.V. was formerly known as Yandex N.V. (NASDAQ:YNDX) before the trading halt.
The historical reference to Yandex N.V. is relevant for context but does not impact the current trading or stock price.
CONFIDENCE 85
IMPORTANCE 50
RELEVANCE 70
POSITIVE IMPACT
Trading for Nebius Group N.V. (NASDAQ:NBIS) will resume on October 21, 2024, after being halted since February 2022.
The resumption of trading after a long halt is likely to generate interest and potentially increase volatility and trading volume, which could lead to a positive short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100