SanDisk Shares Surge 22% Then Slip 1.2% After Memory Chip Rally
SNDK•SNDK•SNDK•SNDK•SanDisk shares surged 22% during regular trading after a rally in memory chips driven by Micron’s strong quarterly report. The stock then slipped 1.2% in overnight trading as investors took profits, while Western Digital and Seagate dropped 3% and 1.2%, respectively.
SanDisk stock jumped 22% during the regular session as memory chip peers rallied sharply following Micron’s blowout quarterly revenue and earnings results. The strong pricing dynamics and raised price targets for Micron firms lifted sentiment across the sector, fueling SanDisk’s largest one-day gain in weeks.
In overnight trading, SanDisk shares retreated 1.2% as traders booked gains from the steep intraday rise. At the same time, Western Digital fell 3% and Seagate declined 1.2%, reflecting a broader pullback after the sector-wide spike.
Finance
