Mellanox director buys nearly $2 M in shares

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Mellanox director buys nearly $2 M in shares

Bobby Raines 11/15/2013

Dov Baharav, who sits on the board of directors at Mellanox Technologies ( MLNX ) , bought 57,739 shares of the company's common stock on Nov. 12. AT $34.64 per share, Baharav paid a total of $1,998,969.

IK-> The technicals for MLNX ($40.01 up $4.67) are bearish with an upward trend. Recent support has been around $33.61 and the stock is above recent resistance. Standard & Poor's does not follow the stock. Look at the Dec. 29/33 bull-put spread for a 20-cent credit. That's a 5.26% return and the stock has to fall 17.5% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Originally published on InvestorsObserver.com



This article appears in: Investing Options
Referenced Stocks: MLNX


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