Top Memory Chipmaker Plunges as Sharp Pullback Extends. How to Play It Here.

Sandisk (SNDK) has been among the most volatile stocks on Wall Street in the past year. Valued at a market capitalization of $189.5 billion, the tech stock has returned more than 2,800% over the last 12 months. Despite these market-thumping returns, SNDK stock is down more than 45% from its all-time highs.

Sandisk is down sharply from its peak, even though the company just posted one of the best quarters in its history. Let's take a closer look.