On November 5, SanDisk (SNDK) fell 22.26% in a single day; the following day, it rose more than 6% during intraday trading.
SanDisk’s rebound moved in tandem with the semiconductor sector. On November 5, the Philadelphia Semiconductor Index fell 12%, while SanDisk dropped even more. On November 6, the index rose more than 6% at one point, and SanDisk also recovered along with the sector.
The November 5 decline was the full-day result, while the gain the following day was an intraday figure. Going forward, it may be worth watching SanDisk’s performance relative to the semiconductor sector, and whether supply and demand in the memory market are reflected in the company’s earnings.
SanDisk’s rebound moved in tandem with the semiconductor sector. On November 5, the Philadelphia Semiconductor Index fell 12%, while SanDisk dropped even more. On November 6, the index rose more than 6% at one point, and SanDisk also recovered along with the sector.
The November 5 decline was the full-day result, while the gain the following day was an intraday figure. Going forward, it may be worth watching SanDisk’s performance relative to the semiconductor sector, and whether supply and demand in the memory market are reflected in the company’s earnings.