Breaking News

Chrysler July U.S. Auto Sales Up 20%, Missing Estimate of 22.5%
Tweet TWEET

Allot Drops Most in Month, Narrows Gap With U.S. Traded Shares

Allot Communications Ltd. (ALLT) dropped the most in almost a month, narrowing the gap with the U.S. traded shares of the Israeli maker of high-speed networking equipment.

The shares of the Hod Hasharon, Israel-based company tumbled 5.6 percent, the biggest drop since April 11, to 90.82 shekels, or the equivalent of $23.89, at 10:32 a.m. in Tel Aviv. The stock retreated 6.7 percent to $23.70 in New York 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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.