SanDisk Corporation (NASDAQ:SNDK) introduces SanDisk Connect Line of Wireless Flash Storage devices


Dallas, Texas 07/31/2013 (Financialstrend) – SanDisk Corporation (NASDAQ: SNDK) introduced SanDisk Connect Line of Wireless Flash Storage devices which includes SanDisk Connect Wireless Media Drive and SanDisk Connect Wireless Flash Drive. This SanDisk Connect Wireless Flash Drive is the smallest flash drive allows easier way to access, provides extra storage and share content across multiple mobile devices without the need for an Internet connection or cable, it is also a Stylish Portable Media Drive. SanDisk’s vice president, Dinesh Bahal commented “This generation uses multiple mobile devices; it is a challenge to get access content across them. Hence this new SanDisk Connect product line is introduced which helps consumers to mange storage facilities with the convenience of sharing functionality and wireless streaming.

After the company’s Quarterly result which was released recently the shares of SanDisk downgraded from “buy” rating to “neutral” rating at Goldman Sachs. Sixteen equity research analysts rated the stock with “buy” rating, four analysts have given “holds” to the stocks and one analyst gave “sell” rating to the share of SanDisk Corporation.

SanDisk Corporation (NASDAQ:SNDK) had closed for the day on Tuesday with $54.53 per share with a bearish behavior of 1.57% over the previous day’s closing price. The intraday movements of the stock were between low values of $53.09 to a high value of $54.60 per share. The yearly stock price variations are between the lower values of $38.47 to a higher value of $63.97 per share. The shares held by the investors and the company insider’s account to 243 million with an institutional ownership of 89%. The total stock value of the company in the stock market is $13.27 billion. The trading trend of the company for its latest trading day was 16.65 million shares compared to the average trading volume over the month of 4.86 million shares.