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Apr 13, 2026 8:00 AM

What's Going On With Sandisk Shares on Monday?

Sandisk (NASDAQ:SNDK) shares are up during Monday’s premarket session. On Friday, the company disclosed it will join the Nasdaq-100 Index on April 20, 2026, replacing Atlassian Corporation (NASDAQ:TEAM).

This news is contributing to a positive sentiment around the stock as it gains recognition among major market players, while broader markets experienced declines on Friday.

Sandisk will become a component of the Nasdaq-100 Index, a significant milestone that highlights its market presence. This change is set to take effect prior to market open on April 20, 2026.

SNDK Technical Analysis

The broader market saw losses on Friday, with the S&P 500 falling 0.52% and the Nasdaq declining 0.63%. Sandisk’s rise comes as the Technology sector struggles, indicating that the stock may be moving on company-specific news rather than broader market trends.

At $869.00, the stock is trading 22.8% above its 20-day simple moving average (SMA) and 84.7% above its 100-day SMA, suggesting strong short-term and intermediate-term momentum. ...