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.
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