Stock Track | Tradr 2X Long SNDK Daily ETF Plunges 9.32% After Hours on SanDisk Earnings Release

Stock Track

05/01

The Tradr 2X Long SNDK Daily ETF (SNXX) experienced a significant after-hours plunge, dropping 9.32%.

The sharp decline was triggered by the release of SanDisk's latest quarterly earnings report after the market close. As a 2x daily leveraged ETF that tracks SanDisk, SNXX amplifies the price movements of the underlying stock. The earnings release led to a reversal in SanDisk's share price, which was magnified in the leveraged ETF.

Ahead of the earnings report, the ETF had seen strong pre-market and intraday gains, supported by bullish analyst upgrades on SanDisk, highlighting the heightened volatility surrounding the earnings event.

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