ADRs End Lower; Major Oil Companies, Acorn International, and AstraZeneca Trade Actively
May 25 2018 - 6:21PM
Dow Jones News
International stocks trading in New York closed lower on
Friday.
The BNY Mellon index of American depositary receipts fell 0.8%,
to 149.73. The European index decreased 0.9%, to 138.25. The Asian
index went down 0.4%, to 179.86. The Latin American index dropped
1.3%, to 234.42. And the emerging-markets index decreased 0.2%, to
324.67.
Acorn International Inc. (ATV), AstraZeneca PLC (AZN) and Total
SA (TOT) were among those with ADRs that traded actively.
China-based Acorn International said Friday it will pay a
one-time cash dividend of $14.97 an ADR, which represents a payment
of about $40 million. ADRs of Acorn rose 14.3%, to $28.60.
AstraZeneca PLC (AZN) said Friday that a phase 3 trial of its
cancer drug Imfinzi had met one of its two primary endpoints in an
interim analysis of data. The pharmaceutical major said that an
analysis conducted by an independent data monitoring committee had
found that Imfinzi had successfully improved in a statistically
significant way the overall survival of patients with unresectable
stage-three non-small cell lung cancer--NSCLC--who were being
treated with the drug. Imfinzi is already approved in the U.S. and
Canada for the treatment of patients with stage-three NSCLC who
have not progressed following platinum-based chemoradiation
therapy. The drug is under review in the EU and Japan, as well as
other countries, with decisions expected in the second half of
2018. ADRs of AstraZeneca rose 0.4%, to $37.04.
Oil prices plunged Friday as Saudi Arabia and Russia neared a
deal to increase oil production after more than a year of holding
crude off the market. Friday's move wiped out three weeks of gains
and was one of the biggest recent reversals in what has been a
powerful rally--it was the U.S. benchmark's largest single day drop
since July 2017. As a result, ADRs of major oil companies fell,
including Total, down 2.9%, to $59.27; BP PLC (BP) decreased 3.1%,
to $44.35; Eni SpA (E) dropped 3%, to $35.88; and Royal Dutch Shell
(RDSB) fell 2.2%, to $71.10.
(END) Dow Jones Newswires
May 25, 2018 18:06 ET (22:06 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
BP (NYSE:BP)
Historical Stock Chart
From Aug 2024 to Sep 2024
BP (NYSE:BP)
Historical Stock Chart
From Sep 2023 to Sep 2024