Professional Unwind Could Deck Chip ETFs
March 26, 2015 at 13:10 PM EDT
Shares of SanDisk (NasdaqGS: SNDK) are off 17% today and earlier touched a new 52-week low after the maker of flash memory products pared its first-quarter revenue estimate to $1.3 billion from $1.4 billion to $1.45 billion while withdrawing guidance for upcoming quarters. The SanDisk shock is...