111 Inc Stock Slipped in a Short Week. Monday’s Open Could Be the Real Test
111 Inc’s Nasdaq-listed American depositary shares ended a holiday-shortened week lower, giving back an early rebound even as Wall Street’s main indexes pushed further into record territory. The stock closed Friday at $5.28, down 3.5% on the day and 7.4% from its May 22 close of $5.70; an American depositary share is a U.S.-traded certificate for stock in a foreign company. The timing matters because there is no Sunday trading in YI and last week had only four U.S. cash sessions after Nasdaq closed for Memorial Day. Nasdaq says its stock market trades from 9:30 a.m. to 4 p.m. Eastern Time, Monday through Friday, and lists Memorial Day on May 25 as closed; the next regular session is Monday, June