Today: 23 May 2026
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NASDAQ:ALGM 6 January 2026 - 29 January 2026

Allegro MicroSystems stock jumps on Q3 beat as traders chase the next catalyst

Allegro MicroSystems stock jumps on Q3 beat as traders chase the next catalyst

Allegro MicroSystems shares jumped 8.5% to $37.50 Thursday after reporting a 29% year-over-year rise in quarterly sales to $229.2 million and issuing strong March-quarter guidance. The stock outperformed the semiconductor sector, with rivals ON Semiconductor and NXP Semiconductors each down about 4%. Allegro forecast fourth-quarter sales of $230–$240 million and non-GAAP EPS of $0.14–$0.18.
29 January 2026
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Allegro MicroSystems stock jumps 6% as February Analyst Day sharpens focus on targets

Allegro MicroSystems stock jumps 6% as February Analyst Day sharpens focus on targets

Allegro MicroSystems surged 6.5% to $32.78 Wednesday after announcing an analyst day for Feb. 18 in Boston. The move outpaced chip sector peers as the Philadelphia Semiconductor Index fell 1.7%. Allegro will report Q3 results Jan. 29, with CEO Mike Doogue and CFO Derek D’Antilio set to host a call at 8:30 a.m. ET. The analyst day will be hybrid, with limited in-person attendance and a webcast.
14 January 2026
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Stock Market Today

  • JPMorgan Revises Nvidia Stock Price Target Following Earnings Report
    May 23, 2026, 2:46 PM EDT. JPMorgan has updated its stock price target for Nvidia after reviewing the company's recent earnings report. The investment bank's note provides deeper insights beyond the headline earnings figure, offering investors a more nuanced view of Nvidia's financial health and future prospects. This adjustment reflects JPMorgan's confidence in Nvidia's performance amid the dynamic semiconductor industry. The revised outlook may influence investor sentiment and trading decisions concerning Nvidia shares.

Latest articles

Chevron Faces Holiday Test With Oil Shock, Pump Prices and Hess Sale in Focus

Chevron Faces Holiday Test With Oil Shock, Pump Prices and Hess Sale in Focus

23 May 2026
Chevron closed Friday at $191.43, up 0.22%, ending the week nearly flat as Brent crude held above $100. California officials urged drivers to avoid Chevron stations over high pump prices, while director John B. Hess disclosed a large stock sale. U.S. markets are closed Monday for Memorial Day; trading resumes Tuesday.
PepsiCo shares gained ahead of the holiday. Harder pricing test still on deck

PepsiCo shares gained ahead of the holiday. Harder pricing test still on deck

23 May 2026
PepsiCo shares closed up 1.16% at $150.57 on Friday, capping a volatile week that included a new $10 billion credit facility and reports of a planned price hike on some U.S. snack bags. U.S. markets will remain closed for Memorial Day until Tuesday. PepsiCo’s new credit lines replace two 2025 facilities with no outstanding borrowings. The company maintained its 2026 growth outlook.
AbbVie Shares Edge Up Ahead Of Holiday On Pipeline News

AbbVie Shares Edge Up Ahead Of Holiday On Pipeline News

23 May 2026
AbbVie shares closed Friday at $215.70, up 0.56%, gaining 2.5% for the week. The company reported a positive European panel recommendation for MAVIRET in acute hepatitis C and released new oncology data ahead of the ASCO meeting. U.S. markets are closed Monday for Memorial Day, with trading set to resume Tuesday.
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