SanDisk (SNDK) Soars on S&P 100 Inclusion; Hedge Fund Ownership More-Than-Doubles

SanDisk Corp. closed at $1,740 on Friday, experiencing an 11.9 percent increase as the stock posted its third consecutive day of gains. The rally was driven by investor positioning ahead of the company’s inclusion in the S&P 100 index, which was announced as part of the S&P Dow Jones Indices quarterly rebalancing. The memory manufacturer will join the index on September 21, along with Dell Technologies, Palo Alto Networks, and Arista Networks, replacing Honeywell Aerospace, Nike I