On September 1, SanDisk Corp. fell 3.01% in pre-market trading, trading at approximately $1,522.05 per share, with turnover of $98.64 million.

The decline follows a sharp 5.50% rally in the prior session to $1,566.70, driven by MSCI Global Index inclusion that became effective after the August 31 close. Passive index funds concentrated their buying into the final 45 minutes of trading, propelling the stock from $1,460 to $1,566.70 on record volume of $353.92 billion. With the one-time rebalancing event now completed, the mechanical passive bid has dissipated, exposing the stock to technical profit-taking pressure.

Broader macro headwinds are also weighing on the sector. Escalating U.S.-Iran military tensions have pushed international crude oil prices back above $90 per barrel, fueling renewed inflation and rate-hike expectations that are pressuring growth and technology stocks. Storage peers are declining in sympathy, with Seagate Technology down 1.11% and Western Digital down 1.62% in pre-market trading.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)