SanDisk Rises On Unusually High Volume (SNDK)

NEW YORK ( TheStreet) -- SanDisk (Nasdaq: SNDK) is trading at unusually high volume Thursday with 9.4 million shares changing hands. It is currently at 2.5 times its average daily volume and trading up $1.30 (+2.2%) at $60.74 as of 12:06 p.m. ET.

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SanDisk has a market cap of $14.48 billion and is part of the technology sector and computer hardware industry. Shares are up 36.6% year to date as of the close of trading on Wednesday.

Sandisk Corporation designs, develops, manufactures, and markets flash storage card products that are used in various consumer electronics products.

TheStreet Ratings rates SanDisk as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full SanDisk Ratings Report.

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