European ADRs Move Higher in Monday Trading

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American depositary receipts of European stocks were trading 0.31% higher at 140.94 on the Bank of New York Mellon Europe ADR Index on Monday.

In continental Europe, the gainers were led by semiconductor company STMicroelectronics ( STM ), and pharmaceutical firm Oasmia Pharmaceutical ( OASM ), which rose 2.8% and 2.7% respectively. They were followed by hotel booking site Trivago ( TRVG ), and biotech company MorphoSys ( MOR ), which climbed 2.6% and 2.4%.

The decliners in continental Europe were led by online dating site Spark Networks ( LOV ), and medical equipment company Edap (EDAP), which fell 2.9% and 1.6% respectively. They were followed by Deutsche Bank (DB), and medical equipment and technology company Koninklijke Philips Electronics (PHG), which were off 0.7% and 0.1%.

In the UK and Ireland, the gainers were led by gene therapy company Nightstar (NITE), and biopharmaceutical firm GW Pharmaceuticals (GWPH), which rose 3.6% and 3.3% respectively. They were followed by biotech company Shire (SHPG), and biopharmaceutical company Adaptimmune Therapeutics (ADAP), which were up 3.3% and 2.6%.

The decliners in the UK and Ireland were led by airplane lessor Fly Leasing (FLY), and airline operator Ryanair (RYAAY), which lost 6.7% and 1.9% respectively, followed by cruise line operator Carnival (CUK), and alcoholic beverages company Diageo (DEO), which dropped 1% and 0.3%.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Investing , Stocks
Referenced Symbols: STM , OASM , TRVG , MOR , LOV

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