Post
Aylaah
SANDISK’S STRONG RESULTS FAIL TO STOP THE SELLOFF
SanDisk reported 378% year-over-year Q1 revenue growth and issued Q2 guidance above expectations. It also announced an eight-for-one stock split, with split-adjusted trading expected to begin November 20.
Yet shares fell 13.47% on October 30 after a massive year-to-date rally.
The reaction raises a bigger question: has the memory-sector growth story already been priced in?
#SanDiskEarningsSelloff
Disclaimer: OKX Orbit content is provided for informational purposes only. Learn more
Replies
No comments yet. Be the first to reply!
Trending crypto
BTC/USDTBitcoin
$68,198.6-0.05%
ETH/USDTEthereum
$1,917.24-0.05%
SOL/USDTSolana
$79.18-0.03%
Today’s market buzz
1#Jensen Huang Involved in Chinese Spy Rumors and Controversy Over NVIDIA CEO's Future
Hot
2#U.S. October existing home sales hit a 16-year low
3#Anthropic launches IPO roadshow, valuation rebounds to $1.8 trillion
