Micron, SK Hynix and SanDisk shares fall on Friday, Invezz reports
· 2 sources
Invezz reports that Micron, SK Hynix and SanDisk stocks fell on Friday. A separate Mashable item covers early Black Friday deals on SanDisk storage.
What happened
Invezz reports that shares of Micron, SK Hynix and SanDisk were falling on Friday. The outlet published a piece asking what was behind the decline in the three memory and storage names.
The sources provided do not state a cause for the drop, so ATLAS does not offer one. A separate Mashable article from the following day covers early Black Friday Nintendo deals, including a $30 saving on the Switch 2 and SanDisk storage upgrades.
Mashable notes that the Switch 2 offer may not last until after Thanksgiving. That item is about consumer promotions and does not discuss the share moves.
Context
Micron and SanDisk both make memory and storage products, and SK Hynix is also a memory chipmaker, so their shares are often discussed together.
Why it matters
Moves in several memory and storage stocks at once can draw attention to how the segment is being viewed by the market, though the sources here give no reason for Friday's decline.
Stocks in this story
Price changes are shown for the trading day of the story and are a coincidence in time, not proof that the news caused them. Figures are ATLAS data from our database.
$2,318.20Fair range: $2,065.94 to $3,675.16The price ($885.01) is 61.8% below that figure.
Chance of a rise in 1 month
43%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $683.02 and $1,030.34; 9 in 10, between $474.42 and $1,483.39.
$1,436.07Fair range: $370.00 to $2,256.84The price ($778.31) is 45.8% below that figure.
Chance of a rise in 1 month
45%Probability of closing higher than today within 21 sessions.Normal range: half of the scenarios end between $650.82 and $882.38; 9 in 10, between $496.91 and $1,155.68.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
Information, not advice. This content is informational and is not an investment recommendation or an offer to buy or sell securities. ATLAS estimates come from statistical models using public data, can be wrong, and past performance does not guarantee future results. Disclaimer
ATLAS Signals
ATLAS Signals, every week
The week in the market, three stocks on ATLAS’s radar and what comes next. Get it every Monday.
By subscribing you agree to receive ATLAS Signals by email every Monday. You can unsubscribe with one click at any time. Privacy