What's Going on With Sandisk Stock Friday?
Sandisk (SNDK) stock drops over 3% premarket as memory peers slide ahead of Aug. 5 earnings. Analysts expect major profit growth.
Sandisk's stock price dropped before the market opened because other memory-chip companies dropped too, even though experts think Sandisk will make more profit soon. When lots of similar companies move together, it often just means people are nervous about the whole group—not necessarily about one company.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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