Group 1: Company Overview - SanDisk announced a secondary public offering of 5,821,135 shares at a price of $545 per share, which is below the latest trading price, with no new shares being issued or proceeds received by SanDisk [2] - Western Digital is expected to exchange the SNDK block for debt held by affiliates of J.P. Morgan Securities LLC and BofA Securities, which will act as selling stockholders [3] Group 2: Stock Performance - SanDisk stock is currently trading 6.5% above its 20-day simple moving average (SMA) and 109.6% above its 100-day SMA, indicating a strong long-term trend [4] - Over the past 12 months, shares have surged 1129.26%, positioning them closer to their 52-week highs than lows [4] Group 3: Technical Indicators - The RSI is at 59.77, indicating neutral territory, while the MACD shows a value of 62.8483, below its signal line at 69.8810, suggesting bearish pressure on the stock [5] - Key support level identified at $540.00 [5] Group 4: Analyst Consensus - The stock carries a Buy Rating with an average price target of $512.76, with recent analyst actions including Citigroup and Barclays raising their targets to $750.00 [6] - SanDisk shares were up 0.98% at $596.36 at the time of publication [6]