SanDisk (NASDAQ:SNDK) shares have plunged roughly 50% from their peak this year as the memory chip sector has come under intense selling pressure.
The Roundhill Memory ETF (CBOE: DRAM), a benchmark for the industry, has also retreated about 40% from its year-to-date high.
Investors are now looking to the company's upcoming earnings report for signs that the stock is ready to stage a recovery.
SanDisk Stock Falls Ahead of Earnings SNDK stock continues its strong downward trend because of the ongoing weakness in the memory industry.
Top companies like Micron, Samsung Electronics, SK Hynix, and Western Digital have all plunged from their all-time highs.
