Yandex NV (NASDAQ:YNDX)’s share price shot up 2.1% on Thursday , MarketBeat.com reports. The company traded as high as $15.78 and last traded at $15.76, with a volume of 614,536 shares changing hands. The stock had previously closed at $15.43.
An employee of Russia’s Internet giant Yandex, Dmitry Korobov, stole the source code of its search engine and tried to sell it on the black market to fund his own startup, according to a report by the Russian newspaper Kommersant. A Russian court has found Korobov guilty and handed down a suspended sentence of two years in jail.