Mellanox Surges to Record High, Closes Gap With U.S. Shares

Mellanox Technologies Ltd., an Israeli developer of technology used to transfer and store data, rose to a record high, closing the gap with the U.S.-traded shares.

The shares gained 4.8 percent to 276.30 shekels, or the equivalent of $71.56, at 10:16 a.m. in Tel Aviv, the highest level since they were listed in Israel in July 2007. The New York-traded stock advanced 7.2 percent to $71.53 yesterday.

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

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