Sandisk stock faces Monday test after weekend downgrade as Fed minutes loom
Sandisk closed Friday at $250.05 after swinging between $245.10 and $261.50 in thin holiday trading. Wall Street Zen downgraded the stock to “buy” from “strong-buy” in a note Saturday. U.S. stocks slipped, ending a five-day streak, with investors awaiting Federal Reserve minutes due Tuesday. Sandisk is set to report fiscal Q2 results on February 25.