Post
Aylaah
SANDISK’S STRONG RESULTS FAIL TO STOP THE SELLOFF
SanDisk reported 378% year-over-year Q1 revenue growth and issued Q2 guidance above expectations. It also announced an eight-for-one stock split, with split-adjusted trading expected to begin November 20.
Yet shares fell 13.47% on October 30 after a massive year-to-date rally.
The reaction raises a bigger question: has the memory-sector growth story already been priced in?
#SanDiskEarningsSelloff
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$76,100+0.00%
ETH/USDTEthereum
$2,258.16+0.00%
SOL/USDTSolana
$89.51-0.01%
Today’s market buzz
1#UDMidTermAIRegulation
2#USJobsReportInFocus
3#DemocratsWinHouseSenate
