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Actionable news in SNDK: SanDisk Corporation,

'Fast Money' Recap: Investors Can Cash In on Chip Sector Mergers

NEW YORK (TheStreet) -- Shares of SanDisk (SNDK - Get Report) jumped 11% in after-hours trading following news it is exploring a potential sale. Shares of Micron (MU - Get Report) and Western Digital (WDC - Get Report) -- potential buyers -- moved higher in response.

David Seaburg, managing director and head of sales trading at Cowen and Company, said it wouldn't make any sense for Micron to buy SanDisk. In fact, Micron probably can't afford to do so in its current state.

SanDisk might be bought but at what price? Pete Najarian, co-founder of optionmonster.com and trademonster.com, pointed out shares of SanDisk recently traded as high at $100 this year but quickly fell below $50. Since then the company has made moves to boost its...


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