Dateline — November 18, 2025. SanDisk Corporation (NASDAQ: SNDK) fell sharply on Tuesday as investors digested a broader risk‑off move in technology and the company convened its first annual shareholder meeting since being spun out of Western Digital earlier this year. As of roughly 17:30 UTC, SanDisk traded around $240.34, down about 9–10% intraday (day range $230.60–$264.50).
What moved SanDisk stock today
- Broad tech weakness weighed on risk assets. U.S. equity futures and global tech benchmarks remained under pressure Tuesday amid renewed doubts about the pace of Federal Reserve rate cuts, pushing volatility higher and prompting a rotation out of growth stocks. That macro backdrop set the tone for chip and storage names at the open. [1]
- Company event: first post‑spinoff Annual Meeting. SanDisk held its 2025 Annual Meeting of Stockholders at 8:00 a.m. Pacific via webcast. The meeting has concluded, with final voting results to be filed in an 8‑K within four business days, per the company’s proxy materials. Agenda items included Proposal 1: Election of seven directors, a say‑on‑pay frequency vote, and ratification of KPMG LLP as independent auditor for fiscal 2026. [2]
- Sympathy moves across the former parent. Former parent Western Digital (WDC) also traded lower intraday, recently near $151.83, down roughly 6–7%. Correlation between the HDD leader and its newly independent flash peer has remained elevated through 2025.
Today’s numbers at a glance (intraday)
- SanDisk (SNDK): $240.34, −$25.54 on the day; high: $264.50 | low: $230.60 | open: $257.15.
- Western Digital (WDC): $151.83, −$10.63 on the day; high: $161.13 | low: $150.78 | open: $159.03.
Company and sector context investors are watching
- Post‑spinoff setup. SanDisk has traded as a standalone public company since February 24, 2025, when Western Digital completed the separation of its flash business. SanDisk began regular‑way trading on the Nasdaq under the ticker SNDK that day. [3]
- Recent fundamentals. Earlier this month, SanDisk furnished an 8‑K announcing results for fiscal Q1 2026 (quarter ended Oct. 3, 2025); details were provided via an attached press release. Shares have been sensitive to guidance and to broader memory‑cycle headlines since then. [4]
- Macro overhang remains the swing factor. Tuesday’s downdraft aligned with a wider pullback in large‑cap tech as traders repriced rate‑cut odds and remained cautious after last week’s selloff. That macro tone has overshadowed otherwise constructive storage/AI demand narratives that buoyed the group earlier in Q4. [5]
Key takeaways for Google News and Discover readers
- SNDK under pressure today: Intraday losses of roughly 9–10% reflect broad tech risk‑off conditions more than any new, company‑specific disclosure. [6]
- Annual Meeting held and concluded: SanDisk’s first post‑spinoff AGM wrapped this morning; expect final voting results via 8‑K within four business days. [7]
- Watch correlation trades:WDC moved lower alongside SNDK; cross‑currents in HDD/flash peers can amplify intraday swings.
What’s next
- Voting results: SanDisk states it will file an 8‑K with final vote tallies no later than four business days after today’s meeting. Keep an eye on the SEC wire for that filing. [8]
- Quarterly cadence: The company last reported on November 6, 2025; any updated outlooks or capital allocation commentary will be focal points on the next earnings date and at upcoming conferences. [9]
Why this matters
For investors tracking SanDisk stock today (18.11.2025), the move is a reminder that macro headlines can dominate short‑term price action, even on important company calendar days like an annual meeting. The post‑spinoff story—and how SanDisk balances NAND cycle dynamics, capex, and mix—remains the medium‑term driver once the near‑term volatility fades. [10]
Editor’s note
This article aggregates news from November 18, 2025 relevant to SanDisk (SNDK), including intraday pricing, the annual shareholder meeting, and same‑day macro market context. It does not include charts or images, per request. Nothing herein is investment advice.
References
1. www.reuters.com, 2. investor.sandisk.com, 3. www.westerndigital.com, 4. www.sec.gov, 5. www.reuters.com, 6. www.reuters.com, 7. investor.sandisk.com, 8. www.sec.gov, 9. www.sec.gov, 10. www.westerndigital.com
