Thursday, July 22, 2010

Mellanox Loses Ground in Pre-Market Trading (MLNX)

Stock Assault 2.0 - Artificial Intelligence Stock Market Software

Mellanox Technologies, Ltd. (NASDAQ: MLNX)  is down $4.24 (18.48%) at 8:35 AM EST to $18.70 and has already traded 95,265 shares.  This comes in the middle of the 52-week trading range of $12.90 to $27.48.  Mellanox features a market cap of $769.52 million.

This drop comes as a bit of a surprise considering the fact that Mellanox, a fabless semiconductor based out of Israel, announced yesterday record revenue in its fiscal second quarter 2010.  Nevertheless, stocks have been down throughout this week.

-Michael B. Sauter

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