On August 10, Tradr 2X Long SNDK Daily ETF rose 8.23% in regular trading, trading at $9.855/share, with turnover of $270 million.

The ETF is a 2x leveraged long product tracking SanDisk. The rebound was driven by oversold recovery momentum after the leveraged ETF had previously plunged over 25% in cumulative losses following SanDisk's forward guidance miss.

On the news front, SanDisk reported fourth fiscal quarter results with revenue of $89.7 billion and adjusted EPS of $39.25, both exceeding market expectations, while data center revenue surged 437% year-over-year. However, first fiscal quarter EPS guidance midpoint of approximately $45 came in slightly below the consensus estimate of $45.58, triggering consecutive selling pressure in prior sessions. With the oversold condition now releasing recovery momentum, the 2x leverage structure further amplified the upside move.

(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.)