🟢 Allegro Microsystems is trading 12% up in pre-market as chipmakers rebound after Thursday’s sell-off

Allegro Microsystems is trading at $30.00, up 11.94%, in pre-market amid a semiconductor rebound following Thursday’s sharp sell-off.

• The price compares with the $26.80 November 5 close.
• No clear company-specific catalyst was identified for November 6; the semiconductor ETF rose nearly 5% pre-market, with chipmakers broadly recovering.
• Available evidence points to sector sentiment, rather than a new Allegro-specific announcement, as the likeliest explanation.