<p>This article makes it very clear. SanDisk's stock price was already in the process of adjusting, and the market reaction was a bit excessive.</p>

Sandisk

<p>A secondary public offering means that the stocks are not newly issued by the company, but rather sold by existing shareholders. According to the announcement, Western Digital will exchange its held debt for shares of Sandisk, allowing Western Digital to dispose of its claims against Sandisk through equity</p>

- Western Digital has sold all its shares in SanDisk for $ 3.09 billion, marking its final exit after the split a year ago.  
- On February 17, SanDisk announced that Western Digital plans to exchange these shares with affiliates of JPMorgan Securities and Bank of America Securities, which will subsequently sell the shares in the secondary market.  
- Since the split on February 24 of last year, there has been a noticeable divergence in stock performance, with Western Digital's stock significantly rising while SanDisk experienced a stronger upward trend.

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Western Digital sells $3 billion worth of Sandisk shares, and Sandisk's stock price drops 2% after hours

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