SanDisk Corp. (SNDK) saw its shares plummet 5.60% during Monday's intraday trading session, reflecting a broader downturn in the storage and memory-chip sector. The decline mirrored pre-market losses, signaling sustained pressure on the stock throughout the trading day.
The drop was part of a sector-wide sell-off affecting peers like Western Digital, Micron Technology, and Seagate, all of which fell significantly. Investors exhibited caution amid a risk-off market environment, awaiting key economic data and Federal Reserve Chair Jerome Powell's remarks for clues on future monetary policy. The simultaneous decline across memory-chip stocks underscored broader industry weakness rather than company-specific factors.
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