Storage Chip Stocks Show Slight Premarket Weakness, Western Digital Down 1%, SanDisk Down 1%
Storage chip stocks traded with slight weakness in premarket hours on Thursday (Sep 3). Western Digital (WDC.US) fell 1.14% to $443.79, dipping as low as $441.96 during the session. SanDisk (SNDK.US) declined 0.93% to $1,538.99, while Seagate (STX.US) slipped 0.81% to $802.00, touching a low of $800.00. Micron Technology (MU.US) edged down 0.74% to $949.00, and Everspin Technologies (MRAM.US) held flat at $15.90.
No company-specific news drove the premarket moves. Among leveraged ETFs, the 2x bullish ETF (MUU.US) fell 1.05% to $30.15, while the 2x bearish ETF (SNDQ.US) gained 1.70% to $15.71, reflecting the amplified effect. The sector appears to be consolidating after significant volatility in the previous session, with investors awaiting further industry catalysts.
