Micron and Sandisk Shares Are Crashing. Is It Time to Buy the Dip?
Micron and Sandisk have tumbled since the calendar flipped to July.
Overview
Being a Micron Technology (NASDAQ: MU) or Sandisk (NASDAQ: SNDK) shareholder was fantastic from Jan. 1 to June 30 this year. During that span, Micron's stock rose 304%, while Sandisk's rose 858%.
Many investors wait decades for returns like that, yet these two delivered those results in just six months. However, as soon as the calendar flipped to July, it has been all downhill from there.
Details
Since then, Micro's stock has plummeted 26%, while Sandisk is down 40%. That's a rough change in sentiment for both groups of investors, but the question is: Is that sell-off warranted, or is the market just taking some gains?
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.