On October 13, Tradr 2X Long SNDK Daily ETF fell 9.63% in Regular Trading, trading at $11.035, with turnover of $114 million.

The move was tied to weakness in its underlying stock SNDK, which faced a high-level pullback alongside an Evercore ISI target-price cut.

Recent market reports indicated Evercore ISI lowered its target price on SNDK from $3100 to $2800. While the revised target remained well above the prevailing share price, the cut was interpreted by the market as a signal of valuation pressure for a storage stock that had already rallied sharply. Earlier movement alerts on October 13 also showed the leveraged ETF dropping more than 8% in pre-market and overnight trading as the underlying stock weakened, with the 2x structure amplifying the downside.

(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.)