Sandisk (SNDK) stock price ends near $650 after Western Digital stake sale — what to watch next
Sandisk shares closed up 4.65% at $649.97 after Western Digital sold 5.8 million shares in a secondary offering at $545 per share. Sandisk will not receive proceeds from the sale. Western Digital’s stake drops to 1.7 million shares, which it plans to sell later. Investors await Sandisk management’s updates at conferences starting Feb. 25.