SanDisk Stock Falls 5.5% After Hitting Record High, RSI Briefly Tops 99

Price Action
โดย Barchart·Read original
Summary · why it matters

SanDisk Corporation shares fell 5.5% on Tuesday, June 16, after hitting a fresh 52-week high of $2,167.33, triggering concerns that the massive rally may be entering a cooling phase. The stock's relative strength index briefly pushed above 99, a level that Barchart's 'Twitter Tom' called one of the most overbought in history. SanDisk has soared 4,358.6% over the last 52 weeks, with a 39.7% gain in the past month and 19.6% in the last five sessions. The company recently reported third-quarter fiscal 2026 revenue of $5.95 billion, up 251% year-over-year and well above the $4.55 billion estimate, while non-GAAP EPS of $23.41 crushed the $14.36 consensus. Analysts remain bullish, with 18 of 21 rating the stock a Strong Buy, and the Street-high target of $3,250 implies a potential 63.2% upside from current levels.

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