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Why Is Sandisk Stock Still Dropping?

TheMotleyFool

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Why Is Sandisk Stock Still Dropping?: https://g.foolcdn.com/editorial/images/884170/two-analysts-arguing-over-a-laptop.jpg

Is Sandisk (NASDAQ: SNDK) stock overbought... and overpriced?

Worries over a Morgan Stanley report yesterday, which compared the percentage of the S&P 500 index that is Sandisk stock versus the percentage Sandisk occupies in the portfolios of large institutional investors -- and concluded Sandisk is "over-owned" -- spooked investors yesterday. By close of trading, Sandisk stock had fallen 9%.

As we approach the mid-day mark Wednesday, Sandisk stock continues to drift lower -- down 2.2% as of 11:30 a.m. ET.

Source Fool.com

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