Sandisk shares slide as 8-for-1 split question draws attention
· 4 sources
Sandisk (SNDK) shares fell on Friday, according to Kalkine and The Globe and Mail, while an 8-for-1 split and a Black Friday SSD deal drew coverage.
What happened
Sandisk (NASDAQ: SNDK) traded lower on Friday, according to several outlets. Kalkine reports a drop of 8.22% on the day, and The Globe and Mail says the stock fell back under $900.
Kalkine's coverage focused on when an 8-for-1 split would take effect for the company. The Globe and Mail also listed Sandisk among several stocks trading down, alongside Semtech, Penguin Solutions, Astera Labs and Onto Innovation.
Separately, IGN Pakistan reports that a Sandisk 1TB portable SSD with speeds of up to 600MB/s was discounted to $120 for Black Friday.
Context
Sandisk makes flash memory and storage products, including portable solid-state drives sold to consumers.
Why it matters
The coverage shows how a sharp move in Sandisk shares, together with split discussion and consumer product pricing, is drawing attention to the company.
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.
Fair value, probabilities and earnings for every stock. Free account, no card. Information, not advice.
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