• Sandisk (NasdaqGS:SNDK) has seen its share price come under pressure as weakening NAND flash memory prices and rising supply weigh on sentiment.
• Investors are reacting to reports of softer demand from hyperscale cloud customers alongside increased competition from Chinese manufacturers.
• Insider selling has added another layer of concern, prompting closer scrutiny of the recent share price moves.

Sandisk enters this news cycle with a very elevated share price level of $1,354.378 and a track record of very large gains over the past year, even after the stock fell 29.3% over the past week and 30.9% over the past month. The year to date return of 392.1% and a one year return above 7x highlight how quickly sentiment has shifted around…