Mellanox Drops to Three-Week Low as U.S. Traded Shares Decline

Mellanox Technologies Ltd. (MLNX), an Israeli developer of technology used to transfer and store data, dropped to the lowest in more than three weeks after its U.S.- traded shares tumbled.

The shares declined 5.1 percent to 261.5 shekels, or the equivalent of $65.71, the lowest intraday level since June 18 at 10:49 a.m Tel Aviv. The New York-traded stock dropped 4.1 percent to $66.2 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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