Sandisk Corp. (SNDK): SNDK manufactures non-volatile or flash removable memory cards used in a number of rapidly growing consumer electronics products such as smart phones, personal digital assistants, digital cameras, portable digital music players, digital video recorders, gaming devices and computers. Insiders currently hold 0.34 million shares or 0.15% of outstanding shares. During the last week, four insiders exercised their options and sold (regular sale) the resulting total 279,250 shares. This is on top of the 72,639 shares sold that we reported insiders sold just last week in our weekly review of insider trades by sector, giving a grand total insider selling of 391,789 shares in the last two weeks alone. This suggests a strong acceleration in insider selling which is particularly significant, given that all of these sales the last two weeks were regular sales, and not part of any 10b5-1 plans. As a comparison, insiders sold only an additional 39,900 shares (buying none) during the prior eleven weeks of the last three months, and they sold only an additional 781,128 shares (buying none) during the prior 50 weeks of last year.
