Allegro Microsystems shares are trading lower after the company announced a primary offering of 25 million shares.
Portfolio Pulse from Benzinga Newsdesk
Allegro Microsystems shares are trading lower following the announcement of a primary offering of 25 million shares.

July 24, 2024 | 10:10 am
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Allegro Microsystems shares are trading lower after the company announced a primary offering of 25 million shares.
The announcement of a primary offering typically leads to a dilution of existing shares, which can negatively impact the stock price in the short term. This is reflected in the immediate trading lower of ALGM shares.
CONFIDENCE 90
IMPORTANCE 80
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