Movement Alert｜Tradr 2X Long SNDK Daily ETF Rises 8.21% in Regular Trading, SanDisk Receives Multiple Target Price Upgrades from Wall Street

Market Focus07-06 21:42

On July 6, Tradr 2X Long SNDK Daily ETF rose 8.21% in regular trading, trading at $24.4201/share, with turnover of $229 million. The ETF is a 2x leveraged long product tracking SanDisk, directly reflecting SanDisk's stock price movements.

On the news front, multiple Wall Street institutions have densely upgraded SanDisk's target price: Bernstein raised its target from $1,700 to $3,000, Bank of America from $2,100 to $2,500, Jefferies to $3,000, and China Renaissance to $3,169. Additionally, the NAND market supply-demand imbalance is expected to persist through mid-next year, with SanDisk's stock price having accumulated gains of over 850% in the first half of the year, continuing to attract capital inflows.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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