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Sandisk Is Down 23.7% This Week. What's Behind the Move?

By Wealth Awesome -

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Stocks & ETFs:SNDK.US

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Sandisk fell 23.66% over the past week, closing at US$859.99.

The weekly drop is the focus here. Sandisk was also down 2.99% over one day and 45.63% over one month, while its year-to-date return remained up 212.45%. A November 11 headline said Sandisk led a rally in memory stocks. Another reported that CoreWeave’s results lifted sentiment toward AI-related stocks.

Investor takeaway: Sandisk’s latest close was US$859.99. Its latest trading volume was 1,043,732 shares, compared with a 20-day average of 10,999,111.

Sandisk Corp

SNDK.US

Full stock page →

SNDK.US

Sandisk Corp

Source:WealthAwesomeWealthAwesome
↓ $682.25 (-44.24%)
120 day period
$806.43$1570.72$2335.00May 21Aug 18Nov 10

Market cap

$126.14B

P/E

7.1x

52W high

$2354.39

52W low

$183.00

1W change

-23.66%

Analyst Price Targets

Based on 25 analysts covering SNDK · as of Nov 9, 2026

📈

Wall Street analysts forecast SNDK stock price to rise 9733.7% over the next 12 months.

Consensus

Buy

4.48 / 5.00

Avg. Target

C$2047.38

+9733.7% Upside

Previously C$2023.63 on Nov 4, 2026

Current Price

C$20.82

Last close

Analyst Breakdown (25 analysts)

Strong Buy 17
Buy 4
Hold 3
Sell 1
Compare analyst targets →

Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.

Wealth Awesome Price Forecast

WA Model

Statistical 90-day price range based on SNDK's historical volatility

HistoricalForecast68%95%
C$198.93C$678.92C$1158.91C$1638.90C$2118.88C$2598.87TodayJul 7Sep 9Nov 10Dec 23Feb 5Mar 20

30-Day Vol

105.0%

Annualized

90-Day Vol

112.9%

Annualized

Trend (90d)

-50.0%

Annualized drift

90d Mean

C$719.35

Expected price

HorizonExpected68% Range (1σ)
30 trading daysC$810.29C$564.04 – C$1164.05
60 trading daysC$763.47C$457.40 – C$1274.35
90 trading daysC$719.35C$384.09 – C$1347.24

Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.

Sandisk fell 23.66% in one week

The weekly decline came alongside a 45.63% drop over the past month. Sandisk’s year-to-date return was still up 212.45%.

Bull case

Sandisk’s year-to-date return is up 212.45%. A November 11 headline also described the stock as leading a rally in memory stocks.

Bear case

Sandisk fell 23.66% over the past week and 45.63% over the past month. Its last close was below the supplied 50-day and 200-day moving averages.

What happened: Sandisk’s weekly decline

Sandisk fell 23.66% over the past week. The supplied figures also show a 2.99% decline over one day and a 45.63% drop over one month, alongside a year-to-date gain of 212.45%.

A November 11 headline said Sandisk led a rally in memory stocks. Another reported that CoreWeave’s results lifted sentiment toward AI-related stocks. These headlines offer context on memory-sector coverage, while the price figures show Sandisk’s weekly and monthly losses. Investors can follow the company on the Sandisk stock page.

What the numbers show: US$859.99 close

Sandisk’s last close was US$859.99, 42.8% below its 50-day moving average of US$1,504.43 and 32.4% below its 200-day moving average of US$1,272.17. The close was at 31% of its stated 52-week range, from US$183.00 to US$2,354.39.

Latest volume was 1,043,732 shares, compared with a 20-day average of 10,999,111 shares. The supplied volume comparison is 1.25x. Sandisk’s listed P/E is 7.0853, its market capitalization is US$126,140,940,288, and its profit margin is 67.0%.

What to watch next: reported analyst target and sector coverage

A November 11 headline said Sandisk led a rally in memory stocks and that the AI recovery had further to go. A separate headline said CoreWeave’s results lifted sentiment toward AI-related memory stocks. These are third-party headlines; the supplied price, volume, and valuation figures provide the numerical context for Sandisk’s move.

The supplied figures list an average analyst target of US$2,047.38, an implied move of +138.1%, and an analyst outlook of Buy. These are reported analyst figures, not a prediction of Sandisk’s next price. See the Sandisk analyst-ratings page for details.

Wealth Awesome
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Wealth Awesome

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This content has been reviewed by CFA® charterholders and Certified Financial Planners (CFP®) with over a decade of experience in Canadian financial markets. All information is fact-checked against official Canadian sources and regulations.

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⚠️ Professional Disclaimer

This content is for educational purposes only and should not be considered personalized financial advice. While our team brings professional expertise, individual circumstances vary. For personalized guidance, consult with a qualified financial advisor, tax professional, or mortgage specialist.

Published: November 11, 2026
Last Updated: November 11, 2026

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