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Mellanox Drops Most in Two Weeks, Closing Gap With U.S. Shares

June 3 (Bloomberg) -- Mellanox Technologies Ltd., an Israeli developer of technology used to transfer and store data quickly, declined to the lowest level in two weeks, closing the gap with the U.S.-traded shares.

The shares of the Yokneam Elit-based company dropped 3 percent, the most since May 20, to 225.50 shekels, or the equivalent of $57.68, at 10:35 a.m. in Tel Aviv. The New York traded stock dropped 4.6 percent to close at $57.70 on June 1.

To contact the reporter on this story: Shoshanna Solomon in Tel Aviv at

To contact the editor responsible for this story: Claudia Maedler at

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