Why Sandisk Stock Dropped Again on Tuesday
Uh-oh. It’s starting again. Competition from China on computer memory sales is roiling stock markets, and once again, Sandisk (NASDAQ:SNDK) stock looks caught in the turmoil.
Last time this happened, in July, it cost Sandisk stock a near-50% decline in a month. Should investors expect a repeat of July’s troubles?
Well, Sandisk stock shed 6% on Monday, and as markets reopen Tuesday, Sandisk stock is falling another 3.5% as of 11 a.m. ET.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.