On August 17, Tradr 2X Long SNDK Daily ETF rose 11.64% in pre-market trading, trading at $18.0/share, with turnover of $10.7569 million. The ETF is a 2x leveraged long product tracking SanDisk, with the underlying stock extending its strong momentum from last week.

On the news front, SanDisk previously unveiled its long-term financial model at its Investor Day, targeting mid-to-high teens revenue growth for FY2028 through FY2030, with non-GAAP gross margins of approximately 80% and operating margins of approximately 75%. The company also disclosed that eight major customers have signed long-term agreements with a total contract value of $93.9 billion. Royal Bank of Canada raised its target price on SanDisk from $1,300 to $1,600. Analyst consensus target price stands at approximately $2,234, well above current levels. SanDisk has surged over 35% cumulatively in the past five trading days, with the leveraged ETF capturing amplified gains accordingly.

(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.)