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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
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