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.
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