SanDisk (SNDK) volatility low into reduced Q1 outlook

SanDisk (Nasdaq: SNDK) is recently down $3.66 to $46.39 in the premarket on the company seeing lower than expected Q1 revenue. RBC Capital Markets lowered its rating to Outperform from Top Pick and decreased its priced target to $57 from $67. Overall option implied volatility of 38 is below its 26-week average of 43 according to Track Data.

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