Sandisk Is Splitting Its Stock 8-for-1. History Says What Usually Happens to Stocks After a Split Announcement.
Sandisk (NASDAQ:SNDK) gave investors two pieces of news on Thursday, Oct. 29. The flash memory company’s fiscal first-quarter revenue grew 23% over the previous quarter to $11.0 billion. And the board approved an eight-for-one stock split, with split-adjusted trading expected to start Friday, Nov. 20. Does a split announcement tell investors anything about where a…