SanDisk Corp. (SNDK) announced after the bell Tuesday that it now estimates total revenue for the first quarter will be approximately $1.2 billion, down from the previously forecasted range of $1.30 billion to $1.35 billion.
SanDisk Corp. gapped open sharply lower Wednesday and drifted lower during the second half of the session. The stock closed down by 5.54 at $44.51 on strong volume. SanDisk dropped to a 5 1/2 month low and fell below both its 50 and 200-day moving averages.
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Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.