Bloomberg News

Mellanox Surges Most in Two Weeks, Closes Gap With U.S. Shares

July 01, 2012

Mellanox Technologies Ltd. (MLNX), an Israeli developer of technology used to transfer and store data, rose the most in almost two weeks, closing the gap with the U.S.-traded shares.

The shares gained 3.8 percent, the biggest intraday advance since June 19, to 279.20 shekels, or the equivalent of $71.40, at 12:44 p.m. in Tel Aviv. The New York-traded stock advanced 6.2 percent to $70.821 on June 29.

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


Best LBO Ever
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus