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3 Reasons to Sell ALGM and 1 Stock to Buy Instead

In a sliding market, Allegro MicroSystems has defied the odds, trading up to $24.11 per share. Its 7.4% gain since September 2024 has outpaced the S&P 500’s 1.1% drop. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.