SanDisk stock (NASDAQ: SNDK) fell about 3% on Tuesday, a sharp downshift for a stock that has turned into one of the market’s most crowded momentum trades in memorySanDisk stock (NASDAQ: SNDK) fell about 3% on Tuesday, a sharp downshift for a stock that has turned into one of the market’s most crowded momentum trades in memory
SanDisk stock plunges 3%: profit-taking sparks sharp pullback
SanDisk stock (NASDAQ: SNDK) fell about 3% on Tuesday, a sharp downshift for a stock that has turned into one of the market’s most crowded momentum trades in memory chips. The slide looked less like a fundamentals break and more like classic profit-taking. The move after a blistering run since the company began trading independently following its separation from Western Digital, traders used a softer session to lock in gains. The pullback also landed amid persistent volatility across high-beta tech. SanDisk stock: Profit-taking after a historic rally By midday Tuesday, SanDisk stock was down $21.95, or 3.5%, at $604.61, according to MarketBeat’s trading recap, with more than 23.2 million shares changing hands. That’s a notable move, but it comes after…
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