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Sandisk Shares Gain 16% as Memory and Hardware Stocks Strengthen

At 12:19 p.m. ET, shares traded at $1,001.66, up $141.67 on the day.

By Enna Lee
Published
A NAND flash package rises above smaller silicon dies / TokenPost.ai
A NAND flash package rises above smaller silicon dies / TokenPost.ai

Sandisk shares gained just over 16% by midday Wednesday as memory and hardware stocks strengthened, lifting the NAND flash storage maker after recent pressure on the sector.

At 12:19 p.m. ET (17:19 UTC), Sandisk was at $1,001.66, a $141.67 gain for the session. Sandisk makes NAND flash storage.

Six days earlier, Sandisk fell 17.09% in a Nov. 5 storage-sector selloff. Micron Technology lost 12.57%, while the Philadelphia Semiconductor Index fell 8.31%. Kioxia ADR, Western Digital, Seagate Technology and SK Hynix also dropped by double digits.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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