SanDisk Trading Up

Shares of SanDisk Corp. (SNDK) are higher on the session by 1.40 percent, currently trading at $50.49. SNDK is back bouncing today after ticker retested it’s 10 day $50.11 moving average this week.

SNDK shares, which currently trade at a trailing P/E of 10.43, a forward multiple of 13.45 and a P/E to Growth ratio of 0.79, have resistance located at the current 52 week high of $52.31. Trading volume for SanDisk Corp. has been light, with 1.9 million shares having been traded today vs a daily average volume of 9.3 million shares.

SNDK gained 74 cents, or 1.49 percent, to $50.54 at 2:06 p.m. EST in Nasdaq composite trading. The co. has a current market cap of $11.8 billion. Day’s range: $49.69 – $50.75.

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About Ron Haruni 1067 Articles
Ron Haruni is the Co-Founder & Editor in Chief of Wall Street Pit.

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