coin-img-ETHETH+2.30%coin-img-BTCBTC+1.51%coin-img-SOLSOL+0.26%coin-img-XRPXRP+1.96%coin-img-ULTIMAULTIMA+1.90%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE+1.73%coin-img-XAUTXAUT+2.63%coin-img-ETHETH+2.30%coin-img-BTCBTC+1.51%coin-img-SOLSOL+0.26%coin-img-XRPXRP+1.96%coin-img-ULTIMAULTIMA+1.90%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE+1.73%coin-img-XAUTXAUT+2.63%coin-img-ETHETH+2.30%coin-img-BTCBTC+1.51%coin-img-SOLSOL+0.26%coin-img-XRPXRP+1.96%coin-img-ULTIMAULTIMA+1.90%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE+1.73%coin-img-XAUTXAUT+2.63%coin-img-ETHETH+2.30%coin-img-BTCBTC+1.51%coin-img-SOLSOL+0.26%coin-img-XRPXRP+1.96%coin-img-ULTIMAULTIMA+1.90%coin-img-USDCUSDC-0.02%coin-img-DOGEDOGE+1.73%coin-img-XAUTXAUT+2.63%
user-avatar
Tim Fries

Western Digital to Unload $3.17B Sandisk Stake at Discount, SNDK Slides Ahead of February 18, 2026 Session

Sandisk Corporation's stock declined on February 18, 2026, after Western Digital moved to sell $3.17 billion worth of its shares in a discounted secondary offering. The deal, involving a debt-for-equity swap with J.P. Morgan and BofA Securities, comes at up to a 9.4% discount to the prior close and put further pressure on SNDK in premarket trading. Despite the short-term drop, Sandisk has delivered triple-digit returns over the past year amid a NAND flash shortage and strong earnings.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.