QUICK SPARK: SanDisk Stock Drops More Than 45% From Peak, Breaks Below 100-Day Average
% SanDisk stock falls 12% on Monday, down more than 45% from its June high, as fears over Chinese NAND competition intensified.
SanDisk's stock price has fallen a lot because people worry that companies in China might make cheaper computer memory chips. When a stock drops like this, it's a sign that investors are nervous about the company's future earnings.
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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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