SanDisk Corp. (SNDK) saw its stock plummet 5.02% in pre-market trading on Monday, mirroring a broader decline in storage and memory-chip stocks. The drop reflects sector-wide weakness, with other major players like Western Digital, Rambus, Pure Storage, Micron, and Seagate also experiencing losses exceeding 2%.
The decline in SanDisk's stock appears to be part of a larger trend affecting the storage and memory-chip industry, though no company-specific news was cited as the direct cause. Investors are likely reacting to broader market sentiment or sector-specific pressures, as indicated by the simultaneous drop in related stocks.
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