Mellanox Technologies Ltd. (MLNX) Shares are Down -2.78%

Mellanox Technologies Ltd. (MLNX) : During the past 4 weeks, traders have been relatively bearish on Mellanox Technologies Ltd. (MLNX), hence the stock is down -14.84% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.2% relative to the S&P 500. The 4-week change in the price of the stock is -12.72% and the stock has fallen -2.78% in the past 1 week.

Mellanox Technologies Ltd. (NASDAQ:MLNX): The stock opened at $43.15 on Friday but the bulls could not build on the opening and the stock topped out at $43.86 for the day. The stock traded down to $42.84 during the day, due to lack of any buying support eventually closed down at $42.95 with a loss of -0.30% for the day. The stock had closed at $43.08 on the previous day. The total traded volume was 339,051 shares.

The stock has recorded a 20-day Moving Average of 9.5% and the 50-Day Moving Average is 10.05%. Mellanox Technologies, Ltd. is up 4.02% in the last 3-month period. Year-to-Date the stock performance stands at 1.92%.

Mellanox Technologies Ltd. (MLNX) : The highest level Mellanox Technologies Ltd. (MLNX) is projected to reach is $85 for the short term and the lowest estimate is at $50. The consolidated price target from 11 rating analysts who initiate coverage on the stock is $63.73 and the possibility the share price can swing is $10.09.


Mellanox Technologies, Ltd. is a fabless semiconductor company. The Company designs, manufactures and sells interconnect products and solutions based on the InfiniBand and Ethernet standards. Its products facilitate data transmission between servers, storage systems, communications infrastructure equipment and other embedded systems. Its products include integrated circuits (ICs), adapter cards, switch systems, cables, modules, software, services and accessories for networking solution focused on computing, storage and communication applications used in multiple markets, including high-performance computing, Web 2.0, storage, financial services, enterprise data center and cloud. Its InfiniBand products include adapter ICs and cards (ConnectX and Connect-IB product family) and switch ICs (InfiniScale, SwitchX, SwitchX-2 and Switch-IB product families) and systems, gateway ICs (BridgeX product family) and gateway systems, long-haul systems (MetroX), software, cables and modules.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.