Bloomberg News

Mellanox Drops to Three-Week Low as U.S. Traded Shares Decline

July 12, 2012

Mellanox Technologies Ltd. (MLNX:US), an Israeli developer of technology used to transfer and store data, dropped to the lowest in more than three weeks after its U.S.- traded shares tumbled.

The shares declined 5.1 percent to 261.5 shekels, or the equivalent of $65.71, the lowest intraday level since June 18 at 10:49 a.m Tel Aviv. The New York-traded stock dropped 4.1 percent to $66.2 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)
    • $43.44 USD
    • 0.03
    • 0.07%
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