TradingKey – Pre-market on Thursday (October 29) Eastern Time, memory stocks pulled back collectively following a sharp rebound in the previous trading session. The pre-market decline in the memory sector came as Samsung Electronics’ latest earnings report fell short of the market’s high earnings expectations, sending its stock price from an initial gain into a drop of over 6% at one point and dampening sentiment toward global memory stocks.

As of press time, Micron (MU) fell about 3.5% pre-market, SanDisk (SNDK) dropped about 4.1%, Western Digital (WDC) fell about 3.8%, Seagate (STX) fell about 3.7%, and SK Hynix US ADR (SKHY) fell about 3.1%.

Micron pre-market stock price movement, Source: FUTUBULL

Previously, SK Hynix reported record…