June 24 (Bloomberg) -- Allot Communications Ltd. dropped the most in three weeks in Tel Aviv, narrowing the gap with the U.S.-traded stock of the Israeli maker of high-speed networking equipment.
The shares of the Hod Hasharon, Israel-based company dropped 4.6 percent, the biggest intraday decline since June 3, to 104.9 shekels, or the equivalent of $26.89, at 12:46 p.m. in Tel Aviv. The stock closed at $26.78 in New York on June 22.
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