Sandisk stock falls despite strong earnings report as investors ‘sell the news’ after powerful rally

What happened: Sandisk (SNDK) stock fell more than 6% in premarket on Friday. What’s behind the move: Investors appeared to “sell the news” after the memory chipmaker posted strong beats on the top and bottom lines in its fiscal third quarter. Revenue of $5.95 billion increased from $4.72 billion, and the company’s adjusted earnings of…

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