Sandisk (NASDAQ: SNDK) may go down as one of the best spinoffs in history.
On Feb. 24, 2025, Sandisk spun off from its parent company, Western Digital
It started trading for around $22, and a stock split was likely the last thing management was thinking about then. However, now that’s in the cards, because Sandisk stock trades for a jaw-dropping price of around $1,750 per share. There really isn’t any historical precedent for Sandisk splitting its stock because it is such a new company, but I think a stock split could be coming very soon.
However, there are more reasons than an impending stock split for investors to get excited about Sandisk stock. When could a stock split be coming? For the most part, companies tend to announce their stock splits in the quarterly earnings before their annual shareholder meeting, so they can include the decision to split the stock on the ballot.