SanDisk (SNDK) NewsBite - Semiconductor Worries Pull Down SNDK

Posted: Thursday, November 19, 2009 11:25 AM EDT
By: Market Intelligence Center Staff





SanDisk (NasdaqNM: SNDK) opened at $20.84. So far today, the stock has hit a low of $20.16 and a high of $20.87. SNDK is now trading at $20.12, down $1.04 (-4.91%). Over the last 52 weeks the stock has ranged from a low of $5.07 to a high of $24.61. SNDK shares are falling with other tech stocks after an analyst at Merrill Lynch warned that semiconductor inventory levels may soon exceed demand, triggering a selloff in the tech sector. Technical indicators for the stock are neutral and S&P gives SNDK a neutral 3 STARS (out of 5) hold ranking. If you are looking for a hedged play on SNDK the stock seems like it could be a candidate for a January out-of-the-money bear-call credit spread above the 24 range. [ABR-Seven Summits Strategic Investments NewsBite]



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More News For SanDisk (SNDK):

Potential SanDisk (SNDK) Trade Has $44.20 Breakeven

Friday, February 10, 2012... SanDisk Corp (NASDAQ: SNDK) closed Thursday's trading session at $47.20. In the past year, the stock has hit a 52-week low of $32.24 and 52-week high......

http://www.marketintelligencecenter.com/analyfav/1333903

SanDisk (SNDK) Showing Bearish Technicals But Could Break Through $48.17 Resistance

Monday, February 06, 2012... SanDisk (NASDAQ:SNDK) closed Friday's favorable trading session at $47.54. In the past year, the stock has hit a 52-week low of $32.24 and 52-week......

http://www.marketintelligencecenter.com/analyfav/1332549

SanDisk (SNDK) Showing Bearish Technicals With Support At $44.71

Monday, January 30, 2012... SanDisk Corp (NASDAQ: SNDK) closed Friday's trading session at $46.70. In the past year, the stock has hit a 52-week low of $32.24 and 52-week high......

http://www.marketintelligencecenter.com/analyfav/1331072

Stocks Lose Early Gains as Disappointing Data Outweighed Positive Earnings with AT&T (T) and Caterpillar (CAT) on the Move

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http://www.marketintelligencecenter.com/newsbites/1330618

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Thursday, January 26, 2012... At the halfway point... Stocks are hanging out around the breakeven line today as investors digested a mixed batch of corporate earnings results and......

http://www.marketintelligencecenter.com/newsbites/1330603


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