SanDisk is trading 3.56% up now at $9.89 as memory-chip stocks rally after SK Hynix announced a $28.6 billion share buyback and cancellation plan.
- Bloomberg reported the repurchase covers as many as 24 million shares between August 20 and November 19, supporting sentiment across the memory industry.
- No clear SanDisk-specific announcement emerged on August 20; rising Treasury yields and weaker major indexes remain opposing forces.