Why Sandisk Stock Is Skyrocketing Today
Sandisk stock has been red hot in Tuesday's trading.
Overview
Sandisk (NASDAQ: SNDK) stock is booking huge gains in Tuesday's trading. The memory technology specialist's share price was up 9.3% as of 3:10 p.m. ET. The S&P 500 had risen 0.8% at the same point in the daily session, and the Nasdaq Composite had surged 1.4%.
After some sell-offs in last week's trading, chip stocks have come roaring back early in this week's trading -- and Sandisk is benefiting from the trend. The company's share price is also getting a boost from bullish analyst coverage.
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Details
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.