Israel Stocks: Allot Communications, Babylon, EZchip and Perrigo
Israel’s TA-25 index retreated for the second time this week, losing 0.2 percent to 1,145.33 at the 4:30 p.m. close in Tel Aviv. Investors traded about 1 billion shekels ($263 million) of shares and convertible securities, according to bourse data.
The following stocks rose or fell today. Symbols are in parentheses.
Allot Communications Ltd. (ALLT) tumbled 5.5 percent, the biggest drop since Feb. 12, to 90.88 shekels, or the equivalent of $23.87. The shares of the Hod Hasharon, Israel- based maker of high-speed networking equipment declined 6.7 percent to $23.70 in New York yesterday.
Babylon Ltd. (BBYL) surged 8.9 percent to 27.49 shekels, the highest level since February 2007, when the shares were first listed on the Tel-Aviv Stock Exchange. The maker of translation and dictionary software said first-quarter profit and revenue more than tripled.
EZchip Semiconductor Ltd. (EZCH) gained 5.1 percent, the most since Feb. 12, to 153.40 shekels, or the equivalent of $40.30. The shares of the Yokneam, Israel-based company rose 5.2 percent to $39.86 in New York yesterday.
Perrigo Co. (PRGO) declined the most since Feb. 12, retreating 4.4 percent to 378 shekels. The largest U.S. maker of generic over-the-counter drugs cut its 2012 revenue-growth range to 15 percent to 18 percent from 17 percent to 20 percent.
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