WDC Flash Spinoff SanDisk Tops $2,300, Up From $40 in 12 Months
What happened
Western Digital's spun-off NAND flash memory unit has climbed from roughly $40 per share to above $2,300 since separating from WDC, representing a gain exceeding 5,600% over the past year. The Motley Fool examined whether the current valuation leaves room for new entrants. WDC, which retained the hard-disk-drive operations following the corporate split, traded at $605.71 on June 26, shedding 10.32% on the session. The Motley Fool framed the piece with a neutral editorial stance.
The QL Read
WDC's composite signal sits at a neutral 54/100, and its 10.32% single-session drop stands out against a tape where 68.5% of issues are advancing — suggesting the HDD parent is not capturing the memory spinoff's momentum. Whether the composite score holds above the 50 neutral threshold is a data point to monitor in coming sessions.