Sandisk Corporation (SNDK) announced the pricing of a secondary public offering of 5,821,135 shares at $545.00 per share, with the stock rising 1.66% to close at $600.40 on February 18.
- The shares were sold by former parent Western Digital at a discount to the previous session's close of $590.59.
- Investor sentiment remains bullish due to the company's role in AI infrastructure and recent earnings that significantly outperformed analyst expectations.