Closed up $117; someone took $966,000 off the table in the morning
Sandisk $SNDK closed at around $977.69 in regular Nasdaq trading on Wednesday, up about 13.69% for the day, or roughly $117.70 above the previous close of $859.99.
It opened at around $928.06, hit a high of about $1,011.05 and a low of around $920.18. Volume was about 16.335 million shares, compared with an average of 9.835 million. In after-hours trading, as of around 7:25 p.m. ET, it was trading at about $954.50, roughly 2.37% below the closing price.
One catalyst for the jump was CoreWeave $CRWV , which had just reported earnings on Tuesday evening. It closed at around $60.77 on Wednesday, up about 24.71%. Third-quarter revenue was about $3.661 billion, and its full-year guidance was raised to $13 billion–$13.3 billion. One report quoted a company executive saying that demand still significantly exceeds available supply.
An address (0xc8b5…) closed a long position of about 13,724 shares of $SNDK on Hyperliquid between 11:56 p.m. on November 11 and 12:14 a.m. on November 12 Beijing time, at an average price of about $993.80, locking in roughly $966,400 in profit.
The Binance $SNDK perpetual contract is trading at around $965.49 now, up about 10.69% over the past 24 hours, with trading volume of roughly 3.2 billion U.
I personally lean bullish. Wednesday’s candle recouped some of last week’s sell-off, with earnings and company comments also providing support, though the price gave back some gains after hours.
Beginners should watch more and trade less. If you buy crypto, stick to $BTC .
Sandisk $SNDK closed at around $977.69 in regular Nasdaq trading on Wednesday, up about 13.69% for the day, or roughly $117.70 above the previous close of $859.99.
It opened at around $928.06, hit a high of about $1,011.05 and a low of around $920.18. Volume was about 16.335 million shares, compared with an average of 9.835 million. In after-hours trading, as of around 7:25 p.m. ET, it was trading at about $954.50, roughly 2.37% below the closing price.
One catalyst for the jump was CoreWeave $CRWV , which had just reported earnings on Tuesday evening. It closed at around $60.77 on Wednesday, up about 24.71%. Third-quarter revenue was about $3.661 billion, and its full-year guidance was raised to $13 billion–$13.3 billion. One report quoted a company executive saying that demand still significantly exceeds available supply.
An address (0xc8b5…) closed a long position of about 13,724 shares of $SNDK on Hyperliquid between 11:56 p.m. on November 11 and 12:14 a.m. on November 12 Beijing time, at an average price of about $993.80, locking in roughly $966,400 in profit.
The Binance $SNDK perpetual contract is trading at around $965.49 now, up about 10.69% over the past 24 hours, with trading volume of roughly 3.2 billion U.
I personally lean bullish. Wednesday’s candle recouped some of last week’s sell-off, with earnings and company comments also providing support, though the price gave back some gains after hours.
Beginners should watch more and trade less. If you buy crypto, stick to $BTC .
