Sandisk Corp (SNDK) Files Form 4 Insider Selling : Sumit Sadana Sells 23,977 Shares

Sandisk Corp (SNDK): Sumit Sadana , EVP, CSO & GM Enterprise of Sandisk Corp sold 23,977 shares on May 11, 2016. The Insider selling transaction was reported by the company on May 13, 2016 to the Securities and Exchange Commission. The shares were sold at $76.30 per share for a total value of $1,829,445.12 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Nov 30, 2015, Yehoshua Nir (SVP, Corp Mktg & GM Retail BU) sold 3,094 shares at $74.45 per share price.On Feb 3, 2015, Judy Bruner (Exec. VP, Administration, CFO) sold 6,806 shares at $76.07 per share price.Also, On Jan 27, 2015, D Scott Mercer (director) purchased 3,000 shares at $80.27 per share price.

SanDisk Corporation: On Tuesday, May 10, 2016 heightened volatility was witnessed in SanDisk Corporation which led to swings in the share price. The shares opened for trading at $76.2 and hit $76.65 on the upside , eventually ending the session at $76.57, with a gain of 1.40% or 1.06 points. The heightened volatility saw the trading volume jump to 2,01,76,811 shares. The 52-week high of the share price is $78.83 and the company has a market cap of $15,539 M . The 52-week low of the share price is at $44.28.

SanDisk Corporation Money Flow Index Chart

Company has been under the radar of several Street Analysts.SanDisk Corporation is Reiterated by Cowen to Market Perform and the brokerage firm has raised the Price Target to $ 75 from a previous price target of $65 .The Rating was issued on Apr 28, 2016.SanDisk Corporation is Downgraded by Susquehanna to Neutral while Lowering the Price Target of the company shares to $ 79 from a previous price target of $86.50 . Earlier the firm had a rating of Positive on the company shares. The Rating was issued on Mar 24, 2016.SanDisk Corporation is Downgraded by Citigroup to Neutral. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 14, 2016.SanDisk Corporation is Downgraded by Mizuho to Neutral and the brokerage firm has set the Price Target at $78.50. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 2, 2016.SanDisk Corporation is Downgraded by Stifel to Hold. Earlier the firm had a rating of Buy on the company shares. The Rating was issued on Mar 1, 2016.

SanDisk Corporation provides flash storage solutions. The Company designs develops and manufactures data storage solutions in a variety of form factors using flash memory controller firmware and software technologies. The Company’s solutions include a range of solid state drives (SSD) embedded products removable cards universal serial bus (USB) drives wireless media drives digital media players and wafers and components. The SSD products are used in enterprise data centers and client computing platforms. Its embedded flash products are used in mobile phones tablets computing platforms imaging devices and automobiles. The Company’s removable cards are used in a range of applications such as mobile phones tablets digital cameras gaming devices personal computers (PC) and automobiles. It also offers software solutions which are used in conjunction with flash storage products.

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