SanDisk Corp ( (SNDK) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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SanDisk Corp’s stock took a significant hit, dropping 8.4%, primarily due to heavy put volume that signals a bearish sentiment among investors. Despite this downturn, analysts from Mizuho and Citi remain optimistic, with Citi even increasing its price target to $150, citing robust sector performance. Meanwhile, Wells Fargo adopts a more cautious approach, maintaining a neutral stance but raising its target to $115, reflecting a mix of optimism and caution amid the current market volatility.
More about SanDisk Corp
YTD Price Performance: 300.75%
Average Trading Volume: 5,116,750
Technical Sentiment Signal: Strong Buy
Current Market Cap: $21.14B
For further insights into SNDK stock on TipRanks’ Stock Analysis page.
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