Bloomberg News

Mellanox Declines to Two-Week Low, Narrows Gap With U.S. Shares

May 06, 2012

Mellanox Technologies Ltd. (MLNX:US), a developer of technology used to transfer and store data quickly, declined to the lowest intraday level in more than two weeks, narrowing the gap with its U.S.-traded shares.

The shares of the Yokneam Elit, Israel-based company dropped 3.5 percent to 213.50 shekels, or the equivalent of $56.32, the lowest level since April 19, at 10:13 a.m. in Tel Aviv. Mellanox’s stock in New York dropped 1.9 percent to close at $56.07 on May 4.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at ssolomon22@bloomberg.net

To contact the editor responsible for this story: Claudia Maedler at cmaedler@bloomberg.net


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Companies Mentioned

  • MLNX
    (Mellanox Technologies Ltd)
    • $41.83 USD
    • 0.74
    • 1.77%
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