On September 25, SanDisk Corp. rose 3.16% in pre-market trading, trading at approximately $1,808.48 per share, with turnover of $340 million. The stock rebounded after two consecutive sessions of losses that saw a cumulative decline of over 6%, driven by a broader storage sector pullback and persistent large-scale share sales by Chairman and CEO David Goeckeler.

The prior selloff was triggered by sector-wide weakness as U.S. equity index futures fell sharply, dragging down storage names including SK Hynix, Micron Technology, and Western Digital. Simultaneously, Goeckeler reduced his holdings by approximately 33,841 shares on September 17 for roughly $53.27 million, following a 31,478-share disposal on September 14, both executed under a Rule 10b5-1 plan.

On the fundamental side, Rosenblatt Securities recently initiated coverage with a Buy rating and a $2,400 price target, implying approximately 31% upside. Citi projects global memory capital expenditure to surge 46.5% year-over-year, while long-term AI inference demand for NAND continues to underpin the sector outlook, providing support at current levels.

(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.)