business
Why Sandisk Stock Just Dropped
Key takeaways
- SNDK JEF NVDA AAPL Sandisk (NASDAQ: SNDK) stock tumbled 4% through 12:15 p.m.
- By Monday morning, investors had already forgotten all about that.
- In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia.
SNDK JEF NVDA AAPL Sandisk (NASDAQ: SNDK) stock tumbled 4% through 12:15 p.m. ET Monday, despite closing out last week on a strong note of support. After the close of trading on Friday, investment bank Jefferies more than doubled its price target for the maker of flash computer memory to $3,000 per share and urged investors to buy.
By Monday morning, investors had already forgotten all about that.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
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