SNDK is trading at $474.96, down 5.25%, as the pullback appears to be profit-taking following an extraordinary rally that saw the stock up over 100% year-to-date.
- The previous trading day closed with a 10.63% gain, making the current decline a likely technical correction.
- SanDisk's momentum has been driven by NAND flash memory scarcity benefiting AI infrastructure demand and strong earnings expectations.
- The next potential catalyst is the scheduled earnings report on January 26.