The stock ended up at $62.85.
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Now the company Insiders own 0.38% of Sandisk Corp Company shares according to the proxy statements. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The shares opened for trading at $62.34 and hit $62.85 on the upside, eventually ending the session at $62.85, with a gain of 0.79% or 0.49 points.
SanDisk was valued at about $12.6 billion (roughly Rs. 82,066 crores) as of the stock’s close of $61.77 on Tuesday. SanDisk has a 12 month low of $44.28 and a 12 month high of $106.64. The stock’s 50-day moving average is $54.51 and its 200 day moving average is $61.10.
SanDisk (NASDAQ:SNDK) last posted its quarterly earnings data on Wednesday, July 22nd. This resulted in a surprise factor of 175%, or $0.35 away from the latest Zacks consensus estimates just prior to the earnings announcement. The business earned $1.24 billion during the quarter, compared to analysts’ expectations of $1.19 billion. The company’s revenue was down 24.3% on a year-over-year basis. The revenues of $1.24bn in its second quarter were 24 per cent less than a year ago, and 7 per cent lower than the poor $1.33bn reported for its first quarter.
SanDisk (NASDAQ:SNDK) had its target price reduced by stock analysts at Deutsche Bank from $65.00 to $60.00 in a note issued to investors on Friday, StockTargetPrices.com reports.
SNDK has been the topic of several other reports. Piper Jaffray reiterated a buy rating on shares of SanDisk in a research report on Thursday, July 23rd.
SanDisk Corporation (NASDAQ:SNDK): On Monday heightened volatility was witnessed in SanDisk Corporation (NASDAQ:SNDK) which led to swings in the share price. The target price could deviate by a maximum of $10.22 from the forecast price. SanDisk presently has a consensus rating of Hold and a consensus target price of $70.24. Three equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and sixteen have issued a buy rating to the stock. And of course SanDisk sells flash storage to enterprises.
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SanDisk Corporation designs, develops and manufactures flash memory storage devices and software. The Companys solutions include removable cards, embedded products, universal serial bus (USB), drives, digital media players, wafers and components. The SSD products are found in business data centers and client computing platforms. Micron is a rival supplier of the technology and Western Digital, which makes hard drives based on spinning magnetic disks, may want to add a source of flash-memory chips to keep future products competitive.
