Sandisk Shares Slump 6.55% as Technical Consolidation Meets Trade Uncertainty

Sandisk Corp (SNDK) shares fell 6.55% to $1,315.40 as the stock hit a critical technical support floor following a massive year-to-date rally.

• The retreat follows a U.S.-China summit that failed to deliver semiconductor trade relief, directly impacting the company's 28% revenue exposure to China.
• Technical analysts identified a bearish MACD crossover and strategic profit-taking by insiders, such as CAO Michael Pokorny, near the $1,500 level.
• Despite the drop, institutional support remains strong due to record Q3 earnings and upbeat Q4 revenue guidance.