SanDisk Drops Nearly 12%, Erasing About $14 Billion in One Session
As seen on the 24/7 Wall St. homepage on November 5, 2026.
An 11.97% intraday drop takes roughly $14 billion off this memory name in a single session. Moves this size are rare here, and the open-to-now gap is what to measure against the next few sessions.
Continue ReadingShow less
SanDisk never recovered its $962.77 open and settled near $847, erasing roughly $14 billion in market value in a single regular session. That magnitude is rare territory for this stock.
Sellers returned in the afternoon and pressed the stock toward its intraday trough near $823. A second wave of selling late in the day leaves the stock in a weaker technical position heading into the next session.
Sponsored
For investors already holding shares, the open-to-close gap is the number to track in the days ahead. A rebound toward the open would mark the session as an overreaction, while continued pressure below the close signals the market is repricing the stock at a lower range.
Moves of nearly 12% in a single session are uncommon for an established memory-storage name, and the sheer dollar value of what was erased makes this a session worth monitoring closely regardless of whether a position is currently held.
Sources
Mentioned: SNDK