Samsung interest sends SanDisk up 26% in pre-market
I was up late last night searching for breaking to news to report…and perhaps profit from. :)
I saw a headline that Samsung, the Korean electronics giant, is pursuing an acquistion of SanDisk. SanDisk is a U.S. based computer memory card manufacturer and the world’s largest supplier of flash memory cards.
SanDisk was down over 4 percent yesterday but gained more than one percent back in after-hours trading. The article I saw was released around 10 PM EST, leaving plenty of time for the early birds to arrange their purchases.
And voila, shares of SanDisk are trading up 27.5 percent. Unfortunately for folks who adhere to normal trading hours, there was little opportunity to cash in on this M&A news. SanDisk opened 26 percent above Thursday’s closing price.
Are extended trading hours fair to all investors?
Tags: acquisition, after hours trading, samsung, sandiskRelated Stories
POSTED IN: Acquisitions, Corporate, Investment, Market, News, Uncategorized
0 opinions for Samsung interest sends SanDisk up 26% in pre-market
No one has left a comment yet. You know what this means, right? You could be first!
Have an opinion? Leave a comment: