Sandisk (SNDK) Rumored to be For Sale

Markets were down today in average volume. The Dow led the day in losses, and dropped 157.14 points to close at 16,924.75. The S&P 500 fell by 9.45 points and closed the day at 1,994.24. The NASDAQ dropped by 13.76 points, and closed the day’s trading at 4,782.85.

In international trading, markets were down as well. Across Asia, Japan’s Nikkei fell by 337 points while Hong Kong’s Hang Seng dropped by 161 points. In Europe, Germany’s DAX fell by 116 points, France’s CAC was down by 34 points, and London’s FTSE dropped 73 points. In Australia, the ASX was up by 15 points.

Sandisk (SNDK) Rumored to be For Sale

Shares of Sandisk (SNDK) stock shot up today on rumors that it’s going up for sale.
The share price rose by 6.93 points, or 11.22%, to close the day at $68.70. The company is one of the largest storage chipmakers in the country. It specializes in device storage, for electronics like cellphones and cameras.

TripAdvisor (TRIP) Soars on Priceline (PCLN) Partnership

News broke today that TripAdvisor (TRIP) was going to start listing Priceline (PCLN) hotels and car rentals on their website, allowing for streamlined one-click purchases. Shares of TripAdvisor were up by more than 25% on the news, adding 17.03 points to close at $83.72. Priceline shares were down slightly on the disclosure.

Walmart (WMT) Loses 10% on Earnings

Shares of Walmart (WMT) stock plunged on a poor earnings report today. The stock lost 6.70 points and fell by 10.04% on the disclosure. Walmart sales have been suffering overseas, and the consumer spending slowdown domestically hasn’t been helping either. Walmart stores have been having a tough year overseas, with China’s market collapse and problems across Europe. Sales haven’t been helped by the fact that the US dollar is strong relative to the yuan.
Published on Oct 14, 2015
By Aaron Phillips
Aaron Phillips is a financial researcher and journalist based out of Michigan. He regularly writes the IG Daily and IG Weekly columns.

Copyrighted 2020. Content published with author's permission.

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