Why Sandisk Stock Popped Today
Yes, good Micron news could be good news for Sandisk as well -- but keep an eye on that soaring P/E ratio.
Overview
Monday was not a fun day to own Sandisk (NASDAQ: SNDK) stock, which crashed 13% on worries about the durability of demand (and high prices) for computer memory chips.
Monday was not fun... but Tuesday is looking better, with Sandisk stock up a healthy 6% through 11:45 a.m. ET.
Image source: Getty Images.
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.