Market Performance
Allegro MicroSystems, Inc. (NASDAQ:ALGM) surged 5.1% in today's trading, closing at $33.78.
The Technology stock traded 1,056,992.84526 shares, below its average daily volume of 2,917,558 shares.
big mover upNASDAQ:ALGM
Allegro MicroSystems, Inc. (ALGM) Surges 5.1% on Heavy Volume
Allegro MicroSystems, Inc. (NASDAQ:ALGM) surged 5.1% in today's trading, closing at $33.78.
At publication ·
What changed
Allegro MicroSystems, Inc. (NASDAQ:ALGM) · big mover up
- Price at event
- $33.78
- Price change
- 5.07%
- Average volume to event volume
- 2.9M to 1.1M
- 52-week high
- $71.77
- 52-week low
- $22.41
At a glance
Key takeaways
- Allegro MicroSystems (ALGM) stock rose 5.1% to $33.78 on trading volume below its daily average of 2.9 million shares.
Company Overview
Allegro MicroSystems, Inc. has a market capitalization of $6.8B. The stock has traded year-to-date.
Sharp single-day moves like this rally in Allegro MicroSystems, Inc. are often driven by news catalysts — earnings surprises, analyst actions, sector developments, or broader market conditions. Investors should identify the specific driver before making trading decisions, as the sustainability of the move depends on whether the catalyst changes the fundamental outlook.
Allegro MicroSystems, Inc. currently trades at $33.78, positioning the stock at the 23th percentile of its 52-week range ($22.41 — $71.77). This range context helps investors assess whether the stock is trading near support, resistance, or fair value relative to its recent history.
Related Tools: View ALGM Stock Page
Frequently Asked Questions
What is causing ALGM's price movement?
Price movements can be driven by earnings, analyst actions, or sector trends. Check the latest on our ALGM news page.
What is ALGM's 52-week range?
See full price history and interactive charts on our ALGM chart page.