SanDisk (SNDK) Drops 12.2%, Erasing About $15 Billion in One Session
As seen on the 24/7 Wall St. homepage on November 5, 2026.
A 12.2% slide to $845.32 from a $962.77 open strips roughly $15 billion off this $120.3 billion memory name in one session. Moves this size are where the next leg gets decided, so keep an eye on the close.
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SanDisk slid steadily through the session to close at $845.32, erasing roughly $15 billion in market value and resetting how investors think about the stock's near-term range.
Buyers stepped in only at the very low end of the day's range, with the close near $845 coming after a dip into the $830s.
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For a memory company carrying a market capitalization of $120.3 billion, a 12.2% single-day drawdown reflects a significant shift in sentiment. The next session shows whether today's low holds as support or caps any bounce.
The opening price of $962.77 now stands as substantial overhead resistance that bulls need to clear to restore confidence in the name.
Sources
Mentioned: SNDK