fromFast Company
6 days agoSandisk stock price stalls amid secondary public share offering. Is the 2026 memory chip rally about to end?
Sandisk Corporation has announced plans for a secondary public offering. The data storage company will open up 5,821,135 common stock shares (Nasdaq:SNDK) at $545 a pop. The shares are currently owned by Western Digital Corporation (WDC), Sandisk's former parent company. Sandisk separated from WDC nearly a year ago to the date, and subsequently joined the S&P 500 in November. Now, WDC is furthering that split.
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