On June 30, SanDisk rose 3.39% overnight, trading at $2,120.0/share, with turnover of $187 million. The stock staged a recovery bounce after suffering a cumulative decline exceeding 18% from June 26 to June 29, as oversold conditions attracted repair buying.

On the news front, Micron Technology previously reported blowout third fiscal quarter results, with EPS surging over 12x, revenue beating expectations by 16%, and data center revenue growing 6.5x year-over-year. Micron projected that storage chip supply tightness would persist through 2028. Citi simultaneously raised SanDisk's target price to $2,500 from $2,025, maintaining a Buy rating, citing improving NAND flash pricing outlook and multiple near-term catalysts including the Flash Memory Summit and SanDisk's investor day in August.

Within the Technology Hardware, Storage & Peripherals sector, Western Digital rose 2.04%, Seagate Technology rose 1.3%, Super Micro Computer rose 2.56%, Dell Technologies rose 1.08%, while Apple declined 0.17%.

(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.)