Market Analysis
Why Is Sandisk Stock Soaring Over 19% in Premarket Today? Earnings Crush Expectations
Sandisk shares rose over 19% premarket after the company posted a sharp earnings beat and issued strong Q3 guidance.
BTC$62,291.00+3.20%
ETH$1,626.48+5.83%
USDT$0.9995+0.00%
USDC$0.9996+0.00%
XRP$1.14+5.57%
SOL$64.60+5.18%
TRX$0.3286+3.15%
FIGR_HELOC$1.03+0.46%
HYPE$58.79+0.64%
DOGE$0.0843+5.16%
USDS$0.9997+0.01%
LEO$9.55-0.31%
RAIN$0.0134+4.90%
XLM$0.2048+5.05%
ZEC$398.76+9.00%
BTC$62,291.00+3.20%
ETH$1,626.48+5.83%
USDT$0.9995+0.00%
USDC$0.9996+0.00%
XRP$1.14+5.57%
SOL$64.60+5.18%
TRX$0.3286+3.15%
FIGR_HELOC$1.03+0.46%
HYPE$58.79+0.64%
DOGE$0.0843+5.16%
USDS$0.9997+0.01%
LEO$9.55-0.31%
RAIN$0.0134+4.90%
XLM$0.2048+5.05%
ZEC$398.76+9.00%
Western Digital is selling $3.17 billion worth of Sandisk shares at a discount, putting pressure on the stock in premarket trading.
Sandisk shares rose over 19% premarket after the company posted a sharp earnings beat and issued strong Q3 guidance.
Sandisk joins the prestigious S&P 500 index today, triggering mandatory buying from passive funds and driving shares up over 5% in premarket trading to $226.70.
Sandisk Corporation has successfully begun trading on the Nasdaq Stock Market as an independent entity.