Mellanox Heads for Record High, Closes Gap With U.S. Shares
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.
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