Mellanox Heads for Record High, Closes Gap With U.S. Shares
By Shoshanna Solomon -
2012-06-17T07:22:12Z
Mellanox Technologies Ltd. (MLNX), an Israeli developer of technology used to transfer and store data, headed for a record high, closing the gap with the U.S.-traded shares.
The shares gained 4 percent to 257.2 shekels, or the equivalent of $66.74, at 10:20 a.m. in Tel Aviv, headed for the highest close since they were listed in Tel Aviv in July 2007. The New York-traded stock advanced 2.7 percent to $66.73 on June 15.
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
Sponsored Link
Rate this Page
Bloomberg moderates all comments. Comments that are abusive or off-topic will not be posted to the site. Excessively long comments may be moderated as well. Bloomberg cannot facilitate requests to remove comments or explain individual moderation decisions.