Sandisk Jumped 22% the Day After Micron's Last Report. Micron Reports Again Wednesday.
Yahoo Finance ·
Sandisk ( SNDK -3.65% ) stock climbed 22% on June 25. The flash memory company didn't report anything that day. Micron Technology ( MU -2.62% ) had reported its fiscal third-quarter results after the market closed the day before, and Micron's own shares climbed around 16%. Why would Sandisk move more than the company that reported? Micron's report gave an early, detailed look at what memory makers were charging for NAND flash (the chips that hold data in phones, PCs, and data center drives). And everything Sandisk sells is based on NAND. Micron reports again on Wednesday, Sept. 30, with its conference call set for after the market closes. This time, Sandisk goes into the report at around $1,688 as of this writing, about 28% under the $2,354 peak it hit in June.
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