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SanDisk Stock Fights Back From Early Losses After Offering
Benzinga· 2026-02-18 15:41
SanDisk stock is trading near recent highs. What’s next for SNDK stock?Secondary Sale Prices 5.8M SNDK Shares At DiscountSandisk announced a secondary public offering of 5,821,135 SNDK shares currently owned by former parent Western Digital Corporation. The stock is being offered at $545 per share, below the latest trading price, with Sandisk itself not issuing new shares or receiving any proceeds. The deal, expected to close Thursday, comes via an effective shelf registration statement and accompanying pro ...