Sandisk Corporation (SNDK) Gains Momentum Post S&P 500 Inclusion
Sandisk Corporation (NASDAQ: SNDK) surged 3.83% to close at $223.28 on November 28, extending its bullish trajectory after joining the S&P 500. Institutional demand drove the stock’s 11% intraday spike, with after-hours trading stabilizing at $222.99.
The index inclusion marks a pivotal milestone for Sandisk, capitalizing on a 500% rally since February fueled by AI-driven storage demand. Market capitalization now stands at $32.72 billion, reinforcing its sector leadership. Technical indicators show strong volume support above key price levels.
Sandisk fills the S&P 500 vacancy left by Omnicom Group’s acquisition of Interpublic Group, joining peers like Solstice Advance Materials in leveraging corporate separations for index eligibility. The timing aligns with surging investor appetite for storage infrastructure plays.
