SanDisk shares down 57% from peak, market cap slumps to $150bn

SanDisk shares closed Wednesday's session at $1,015.89, down 7.3% on the day and touching an intraday low of $998.19 — the weakest level since spring. Since the June 22 record high of $2,354.39, the NAND memory maker has shed around 57% of its value, with its market capitalisation falling to $150.4bn.