Sandisk Stock Is Still Down 50% From Its Highs. Is the Memory Winner Still a Screaming Buy Before September?
The memory chip market continues to strengthen.
Overview
Although Sandisk (NASDAQ: SNDK) has rallied from its recent lows, it's still down around 50% from its all-time high. For a company that was the hottest stock in the market in the first half of the year, losing half of its value in a month is nothing short of incredible.
I think investors should take advantage of this sell-off. There's one central fear regarding the memory chip market, and it's a valid one. However, I believe the timeline is off, and investors have a good opportunity to buy the stock now.
Image source: The Motley Fool.
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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.