SanDisk is trading at $736.55 (-4.6%) as a lock-up agreement on over 2 million shares expires today, potentially increasing selling pressure from insiders.

  • The 31-day restriction on sales by insiders and Western Digital ended on March 20, 2026, allowing for significant share liquidations.
  • The drop aligns with broader market declines (S&P 500 -0.96%, NASDAQ -1.36%) driven by the Iran conflict and oil price volatility.
  • Tech and memory stocks are facing a correction after recent AI-fueled gains as geopolitical tensions hit the tech sector.