On July 13, Tradr 2X Long SNDK Daily ETF declined 14.29% in pre-market trading, trading at $23.66/share, with turnover of $33.13 million. The ETF is a 2x leveraged long product on SanDisk, directly amplifying SanDisk's price movements.

On the news front, SanDisk fell approximately 5.95% in pre-market trading to $1,783.03/share, as concerns over the storage super cycle peaking continued to weigh on sentiment. Despite Goldman Sachs raising its SanDisk target price from $1,200 to $2,200 and Wedbush upgrading to $2,000, bulls failed to sustain momentum. Goldman Sachs fund flow tracking reports indicate hedge funds have been net sellers of the information technology sector for four consecutive weeks. Additionally, the options market saw a $3.23 million deep out-of-the-money put order with a $700 strike price expiring August 21, signaling institutional caution toward medium-term downside risk.

(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.)