BluePhoenix Solutions Ltd. (BPHX) climbed the most in more than three months in Tel Aviv, trimming the discount with the U.S.-traded shares of the software company.
The stock jumped 11 percent, the biggest intraday gain since June 28, to 2.389 shekels, the equivalent of 64 U.S. cents as of 11:52 a.m. local time, giving the Herzliya, Israel-based company a market value of 59.3 million shekels ($16 million). The shares rose 5.7 percent to 65 cents in New York on Oct. 7.
To contact the reporter on this story: Susan Lerner in Jerusalem at email@example.com
To contact the editor responsible for this story: Claudia Maedler at firstname.lastname@example.org