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Why Sandisk Stock Was Popping This Week

TheMotleyFool

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This was a good week to be invested in veteran flash memory specialist Sandisk (NASDAQ: SNDK). Seemingly positive developments in international trade, increasing prices for its stock in trade, and several bullish analyst moves combined to give a nice lift to the stock. According to data compiled by S&P Global Market Intelligence, Sandisk was up by over 23% week to date as of early Friday morning.

The rally boosting Sandisk stock began early in the week. On Monday, President Donald Trump seemed to back down some from his at times aggressive stance on China-U.S. trade disagreements.

Image source: Getty Images.

Source Fool.com

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