Prediction: Sandisk Will Split Its Stock Before 2026 Is Over
Sandisk has been on an absolute tear since splitting from Western Digital.
Overview
Sandisk (NASDAQ: SNDK) may go down as one of the best spinoffs in history. On Feb. 24, 2025, Sandisk spun off from its parent company, Western Digital. It started trading for around $22, and a stock split was likely the last thing management was thinking about then. However, now that's in the cards, because Sandisk stock trades for a jaw-dropping price of around $1,750 per share.
There really isn't any historical precedent for Sandisk splitting its stock because it is such a new company, but I think a stock split could be coming very soon. However, there are more reasons than an impending stock split for investors to get excited about Sandisk stock.
Image source: The Motley Fool.
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Originally published at www.fool.com.