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 experienced an unusual movement due to a mix of market sentiments and strategic developments. Despite Wells Fargo raising SanDisk’s price target based on a positive outlook for the Enterprise SSD market, heavy put volume indicates a bearish sentiment among investors. However, the announcement of the new Fab2 plant operation with Kioxia provided a positive boost, contributing to a 14.3% rise in the stock price.
More about SanDisk Corp
YTD Price Performance: 224.75%
Average Trading Volume: 4,833,590
Technical Sentiment Signal: Strong Buy
Current Market Cap: $17.13B
For further insights into SNDK stock on TipRanks’ Stock Analysis page.
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