27d agoThe FlyBULLISH 61Analyst
Archived explainer. For the current picture see today's ALGM page.
Why Is ALLEGRO MICROSYSTEMS (ALGM) Stock Down Today?
By the Top Tier Newswire AI Desk · August 18, 2026 at 3:44 PM ET · reviewed against 1 wire stories
ALLEGRO MICROSYSTEMS (ALGM) is down -10.67% in the latest session. Our newswire has captured 1 story on ALGM across 1 source in the last 36 hours, with AI sentiment reading bullish (avg 61/100).
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Why ALGM stock is down today
Allegro MicroSystems (ALGM) fell 10.67% to $39.53 in afternoon trading on August 18. The stock opened with a 4.2% gap down from the prior close and continued to decline throughout the session. Despite a new Buy rating from Benchmark, the stock struggled amid mixed analyst price targets and recent insider selling.
What Happened
Benchmark initiated coverage on ALGM with a Buy rating and a $60 price target. This was one of several analyst actions in recent days, including Mizuho maintaining an Outperform rating with a $58 price target, Morgan Stanley raising its target to $52, and TD Cowen lowering its target to $48. Despite the positive analyst attention, the stock declined sharply. The session low of $39.47 was reached at 3:40 PM ET. Volume was 1.2 million shares, which is 0.4 times the 3-month daily average. The stock is currently trading near its 52-week low of $22.41.
What The Data Shows
The stock has had a volatile year, printing one fresh 52-week high and 23 fresh 52-week lows on August 18. Recent insider transactions include four sell filings totaling $805,000 in the last 90 days. The most recent sale occurred on August 12. The stock has a high beta of 1.94, indicating significant volatility relative to the market. It also trades at a high P/E of 554.9 and has a net margin of 1.5%.
What To Watch
Investors should monitor the stock for any follow-up analyst commentary or corporate developments. No earnings date is provided in the current data. Coverage breadth remains limited, with only one story from one source in the last 36 hours.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
ALGM by the numbers
Last: $39.53Session: -10.67%Coverage: 1 stories / 1 sourcesAI sentiment: 61/100 (bullish)Mkt cap: $7.9BP/E: 554.952w: $22.41 to $71.77
The headlines behind the move
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More on ALGM: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier ALGM move explainers: 2026-08-18