Sandisk shares fell 6.3% in premarket trading Friday even as the company posted excellent fiscal third-quarter earnings the prior afternoon. Analysts are sticking by the flash memory supplier.
Sandisk shares fell 6.3% in premarket trading Friday even as the company posted excellent fiscal third-quarter earnings the prior afternoon. Analysts are sticking by the flash memory supplier.
Sandisk stock was rising on Monday after Nasdaq said it would be adding the flash memory product supplier to the Nasdaq 100 index.
Sandisk (SNDK) was falling early on Wednesday as its former parent Western Digital (WDC) plans to sell shares in the flash memory company. It shouldn’t be a concern for Sandisk shareholders.
Sandisk (SNDK) reported better-than-expected earnings and the stock rose sharply in premarket trading Friday.