SanDisk shares rose 3.47% to $611.06 following the pricing of a $3.1 billion secondary offering by Western Digital. This transaction officially completes the corporate separation initiated last year, removing a long-standing ownership overhang.

  • The offering of remaining shares at $545.00 per share concludes Western Digital's liquidation of its stake in the company.
  • Analysts, including Bernstein’s Mark Newman, suggest the move shifts market focus toward SanDisk’s growth in AI-driven NAND flash storage.
  • The stock successfully recovered from a 5.74% sell-off experienced during the previous trading session.