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


American Apparel's Future
LIMITED-TIME OFFER SUBSCRIBE NOW

(enter your email)
(enter up to 5 email addresses, separated by commas)

Max 250 characters

Companies Mentioned

  • MLNX
    (Mellanox Technologies Ltd)
    • $34.54 USD
    • 0.08
    • 0.23%
Market data is delayed at least 15 minutes.
 
blog comments powered by Disqus