Why Sandisk Stock Just Dropped
Will cheap Chinese chips steal Sandisk's market share -- and profits?
Overview
Sandisk (NASDAQ: SNDK) stock tumbled 4% through 12:15 p.m. ET Monday, despite closing out last week on a strong note of support. After the close of trading on Friday, investment bank Jefferies more than doubled its price target for the maker of flash computer memory to $3,000 per share and urged investors to buy.
By Monday morning, investors had already forgotten all about that.
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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.