Allegro Microsystems (ALGM) Jumps to 2-Year High on Swing to Profitability, Strong Sales Outlook

We recently published 10 Big Names With Explosive Gains.  Allegro MicroSystems Inc. (NASDAQ:ALGM)  was one of the top performers on Thursday. Allegro MicroSystems soared to a two-year high on Thursday after swinging to profitability in the third quarter of the fiscal year and raising its sales outlook for the current quarter. At intra-day trading, the stock jumped to its highest price of $39.89 before trimming gains to finish the session just up by 9.93 percent at $37.98 apiece. Allegro Microsystems A ...