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Why Sandisk Stock Just Dropped

TheMotleyFool

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Sandisk (NASDAQ: SNDK) stock tumbled 4% through 12:15 p.m. ET Monday, despite closing out last week on a strong note of support. After the close of trading on Friday, investment bank Jefferies more than doubled its price target for the maker of flash computer memory to $3,000 per share and urged investors to buy.

By Monday morning, investors had already forgotten all about that.

Image source: Getty Images.

Source Fool.com

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