Chip Maker Allegro's Big Investor Sells $189 Million in Stock
The sale reduced One Equity's stake from 9.2% of Allegro's shares, to 6.6%. One Equity sold a similar amount of stock in February.
Source: marketwatch.com
Stay updated with breaking news from 6707 To. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
The sale reduced One Equity's stake from 9.2% of Allegro's shares, to 6.6%. One Equity sold a similar amount of stock in February.
Allegro MicroSystems’ stock soared—until questions about the company’s ties with its former parent and a related chip fab attracted the shorts.