On August 13, Tradr 2X Long SNDK Daily ETF rose 8.3% in regular trading, trading at $12.06/share, with turnover of $294 million.

The ETF is a 2x leveraged long product tracking SanDisk. The rally was driven by multiple institutions collectively upgrading SanDisk's rating, with the leverage effect further amplifying gains. According to FactSet data, SanDisk's current average analyst rating stands at Overweight, with an average target price of approximately $2,234, significantly above the current stock price. Argus Research upgraded SanDisk to Buy, while Bank of America maintained a $2,500 target price citing AI storage demand as a catalyst for sustained earnings growth.

Previously, SanDisk came under sustained selling pressure after its next-quarter EPS guidance midpoint of approximately $45 fell slightly below market expectations of $45.58, causing the leveraged ETF to decline over 25% cumulatively. Current oversold recovery momentum, combined with concentrated bullish signals from institutions, has driven consecutive rebounds in the ETF.

(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.)