Why Is Sandisk Stock Surging Friday?
Sandisk (SNDK) stock gains 4% premarket following a 13.6% surge driven by ambitious 80% gross margin targets at Investor Day.
Sandisk told investors it plans to make much more money on each product it sells—like a lemonade stand earning more per cup. When companies show bold plans like this, people get interested and buy the stock more.
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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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