Skip to content
Subscriber Only

BlueMountain Nominations Spur Taro Jump: Israel Overnight

Taro Pharmaceutical Industries Ltd. capped a six-week rally as BlueMountain Capital Management LLC, the firm that profited from JPMorgan Chase & Co.’s trading loss, nominated two board members for the Israeli drugmaker.

Shares of the Yakum, Israel-based company jumped 4.5 percent in the five-day period ended Aug. 2. The Bloomberg Israel-US Equity Index gained 2.4 percent for the week, led by SodaStream International Ltd. EZchip Semiconductor Ltd. rallied