India, Oct. 13 -- Shares of SanDisk (SNDK) slipped 2% amid a broad selloff in memory chip stocks after China's ChangXin Memory Technologies (CXMT) reported progress on a new chip architecture designed to pack more data into less space. This has raised concerns among investors about intensifying competition in the global memory market.
The stock is currently trading at $1,455.96, down $31.37 or 2.11%. It opened at $1,405.75 after closing the previous session at $1,487.33. The stock has traded between $120.96 and $2,354.39 over the past 52 weeks.
For comments and feedback contact: editorial@rttnews.com
Published by HT Digital Content Services with permission from RTT News....