PhotoMedex Surges Most on Record, Narrows Gap With U.S. Shares
PhotoMedex Inc. (PHMD), a maker of laser and fiber-optic systems used to treat dermatological conditions, surged the most on record, narrowing the gap with its U.S.- traded shares.
The shares surged 21.4 percent, the most since they started trading in Tel Aviv in May, to 50.63 shekels, or the equivalent of $13.14 at 2:25 p.m. in Tel Aviv. The New York-traded shares closed at $13.56 on June 15.
PhotoMedex is set to be included in the Russell 3000 and Russell Microcap Indexes when Russell Investments reconstitutes its U.S. indices June 25, according to a Business Wire statement on June 11.
To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at email@example.com
To contact the editor responsible for this story: Claudia Maedler at firstname.lastname@example.org