VimpelCom Swings at Record on Strategy Outlook: Russia Overnight
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VimpelCom Ltd. is posting the biggest price swings on record versus peers as Russia’s third-largest mobile provider prepares to disclose investment strategy for the first time since resolving a shareholder conflict.
American depositary receipts of VimpelCom rallied 1.3 percent yesterday in New York, as the stock’s 60-day volatility reading jumped to a two-month high of 31.35, compared with an average of 7.67 for companies included in the MSCI Emerging Markets Telecommunication Services Index. The Bloomberg Russia-US Equity Index of the most-traded Russian companies rose for the first time this week, adding 0.2 percent.