SanDisk Jumps 6% as Storage Bid Concentrates in One Name; Western Digital Rises 3%, Micron Ticks Up
The stock outpaced Western Digital and Micron as traders found no company news to explain the move.
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4 Articles
SanDisk Jumps 6% as Storage Bid Concentrates in One Name; Western Digital Rises 3%, Micron Ticks Up
SanDisk (NASDAQ:SNDK) stock is rising 6% to $1,713.18 in Friday morning trading, running well ahead of every other name in the memory/storage group. The move stands out because no company announcement dated today explains it, and no filing, release or research note supports a specific catalyst behind the concentration of buying in SanDisk stock. The […]
SanDisk (SNDK) Stock Price Prediction: $2,520 Bull, $1,240 Bear
A SanDisk (SNDK) stock price prediction that opens with "the shares are up nineteen-fold, so they must be expensive" has already mispriced the question. At Friday's close of $1,791.82 the stock changed hands at roughly ten times the annualised earnings SanDisk itself guided to for the September quarter. Boom multiples do not look like that. Discount multiples do. The market is not paying up for this memory cycle; it is declining to capitalise it…
Sandisk Stock Enters the S&P 100 After an 11% Rally; NAND Pricing Is the Harder Test
Sandisk will join the S&P 100 on Monday with a far higher share price than it had when Friday’s session began. The Nasdaq-listed stock closed at $1,791.82 on September 18, up $177.43, or 10.99%, from Thursday’s $1,614.39 close. Trading volume reached 17.6 million shares, more than twice the previous session’s 8.48 million. The timing matters.…
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