On August 6, Tradr 2X Long SNDK Daily ETF declined 25.77% in regular trading, trading at $8.82/share, with turnover of $254 million. The ETF is a 2x leveraged long product on SanDisk, and the leverage effect significantly amplified the underlying stock's decline.

On the news front, SanDisk reported Q4 fiscal revenue of $8.97 billion, beating the consensus estimate of approximately $8.6 billion, with adjusted EPS of $39.25 versus the expected $34.37. However, the company guided Q1 fiscal adjusted EPS of $44-$46, with the midpoint of $45 falling short of the market expectation of approximately $45.58. Despite strong Q4 results and a newly approved $14 billion share buyback program, the below-consensus forward guidance triggered selling pressure. SanDisk had already declined approximately 47% in July, and investors remained cautious about the sustainability of AI storage demand, intensifying the post-earnings selloff. The 2x leverage structure further compounded the downside move 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.)