Why Is SanDisk (SNDK) Stock Down Today and Should You Buy the Dip?

SanDisk (SNDK) shares are under pressure as investors react to the company’s controversial $1 billion strategic investment in Nanya Technology. Adding to the pressure yesterday was Google’s announcement of a new quantization algorithm — TurboQuant. More News from Barchart Despite recent declines, however, SNDK remains firmly above its major moving averages (MAs), indicating that the storage products specialist remains in a strong uptrend. Year-to-date, SanDisk stock is currently up more than 100%. www ...