Movement Alert｜Tradr 2X Long SNDK Daily ETF Falls 8.48% in Pre-Market Trading, Post-Earnings Profit-Taking Weighs on Risk Appetite

Market Focus10-30

On October 30, Tradr 2X Long SNDK Daily ETF fell 8.48% in Pre-Market Trading, trading at $8.64, with turnover of $12.824 million.

The move followed weakness in its underlying stock after SanDisk reported quarterly results that beat expectations, but market focus shifted to post-earnings valuation digestion and short-term profit-taking.

SanDisk reported fiscal first-quarter revenue of $11.03 billion and non-GAAP EPS of $49.51, both above consensus, while fiscal second-quarter guidance of $12.20 billion to $12.60 billion in revenue and $55 to $57 in non-GAAP EPS also topped expectations. Management said AI inference demand is lifting NAND demand, with some long-term orders extending to 2030, yet pre-market trading still reflected a more cautious tone after the results-driven rally.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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