Bloomberg News

Mellanox Drops Most in Week, Narrows Gap With U.S. Shares

June 12, 2012

Mellanox Technologies Ltd. (MLNX:US), an Israeli developer of technology used to transfer and store data quickly, declined the most in more than a week, narrowing the gap with its U.S. shares.

The shares of the Yokneam Elit-based company dropped 2.2 percent, the most since June 3, to 249 shekels, or the equivalent of $64.09, at the close in Tel Aviv. The New York- traded stock closed at $63.10 yesterday.

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)
    • $42.15 USD
    • 0.86
    • 2.04%
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