Sandisk stock price drops nearly 9% as oil spike and war worries hit AI memory trade

Sandisk Corporation slipped 2.6% to $619.08 in after-hours action Monday, after the U.S. markets wrapped at 4 p.m. On the Nasdaq, the flash-memory maker’s shares moved between $609.50 and $624.36 through the session, with volume reaching roughly 17.4 million shares traded.

Sandisk edged up roughly 0.2% to $639.76 in early Wednesday action, recovering some ground after a whipsaw drop reignited interest in the flash-memory name. The Nasdaq gained 1.1%. Storage rivals Western Digital and Seagate ticked higher as well.

Sandisk Corp ended Monday down 2.4% at $583.35, after bouncing between $553.32 and $605.92 throughout the day. Volume came in at about 14.7 million shares.

Sandisk Corp slid 6.7% to $557.88 in the opening stretch Monday, sinking alongside other memory stocks. As of 9:36 a.m. ET, shares had dropped $40.07 from Friday’s $597.95 finish, bouncing between $553.32 and $605.92 out of the gate.

Sandisk Corporation closed Friday at $606.91, up 5.3%, after bouncing around between $568.30 and $623.28. The stock managed to recoup losses from a volatile run. Western Digital surged 8.7%, Seagate picked up 6.3%, and Micron finished 3.2% higher—gains running through storage and memory stocks.

SanDisk Corp shares dropped roughly 11% Wednesday morning, erasing part of a recent sharp rally that had sparked a surge of bullish analyst recommendations. The stock slipped 11.2% to $617.88.