Sandik (SNDK) Jumps 4.6% Over Launch of World's Smallest, Large-Capacity Storage

We recently published 10 Firms Shining Bright in a Bleeding Market. Sandisk Corp. (NASDAQ:SNDK) is one of the best-performing stocks on Monday.

Sandisk saw its share prices jump by 4.61 percent on Monday to close at $265.88 apiece as investors cheered the launch of the world’s smallest USB-C flash drive as it ramps up its product offerings to tap the rapidly growing storage market.

Carrying as much as 1 terabyte of storage, Sandisk Corp. (NASDAQ:SNDK) said it expects the new flash drive to stay put once plugged into a laptop’s USB-C port.

The new product is designed for students, professionals, and other users who need more space through a compact external drive.

Sandisk Corp. (NASDAQ:SNDK) said the new drive was designed for the latest breed of slim laptops and tablets.

“Today’s professionals and students are constantly on the move, carrying slim laptops and tablets from home to office, meetings or class. They need storage that’s easy to access and always ready—so they can keep moving without missing a beat,” said Christina Garza, director of global brand management at Sandisk Corp. (NASDAQ:SNDK).

“With its compact, leave-in design, the new SANDISK Extreme Fit drive delivers fast, high-capacity storage—ready when they need it, without the hassle of plugging and unplugging or losing connection to cloud services,” she added.

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Disclosure: None. This article is originally published at Insider Monkey.