Why Sandisk Stock Was Soaring Today
Shares of Sandisk (NASDAQ: SNDK) were moving higher today after the maker of flash memory products gained in sympathy with memory chip leader Micron (NASDAQ: MU), which bounced back after a bullish note from Cantor Fitzgerald this morning.
That set off something of a relief rally in the memory sector, which had been pounded in recent days after Alphabet revealed its new TurboQuant algorithm that can purportedly cut storage requirements, threatening memory chipmakers.
As a result of the broader upswing in the stock market and the Cantor note, Sandisk was up 11.3% as of 12:55 p.m. ET, and Micron had gained 11.4%.
Source Fool.com
Micron Technology Inc. Stock
€353.40
-1.480%
With 142 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 425 € there is a positive potential of 20.26% for Micron Technology Inc. compared to the current price of 353.4 €.
