Stock-linked perpetual contracts on exchanges appeared to price in equity market moves while traditional markets were closed for the weekend, according to a ChainCatcher report citing RootData. Most of the widely watched names listed in the data were trading above their last post-market reference levels. Direxion Daily Semiconductor Bull 3X Shares (SOXL) was quoted at $125.65, up 7.59% from its previous post-market reference of $116.79. Sandisk (SNDK) stood at $1,785.09, up 3.07%, while Micron Technology (MU) traded at $1,043.54, up 2.84%.
Other names in the list also showed gains. iShares Semiconductor ETF (SOXX) rose 2.62% to $532.09, Intel (INTC) added 2.46% to $98.16, and SK Hynix (SKHY) climbed 2.08% to $179.44 versus its previous closing reference. VanEck Semiconductor ETF (SMH) gained 2.06% to $578.73, SpaceX (SPCX) was up 1.87% to $150.54, and AMD (AMD) increased 1.58% to $483.59. IREN (IREN) was the only listed name in the report to trade lower, slipping 1.59% to $43.96 from a prior post-market reference of $44.67.
Exchanges' stock-linked perpetual contracts may have started pricing in equity market moves during the weekend closure in traditional markets, according to ChainCatcher, citing RootData data.
RootData's figures showed that most widely watched names were trading above their last post-market levels. Direxion Daily Semiconductor Bull 3X Shares (SOXL) was quoted at $125.65, up 7.59% from the previous trading day's post-market reference of $116.79. Sandisk (SNDK) was at $1,785.09, up 3.07% from $1,731.88, while Micron Technology (MU) traded at $1,043.54, up 2.84% from $1,014.74.
Among the other names listed, iShares Semiconductor ETF (SOXX) stood at $532.09, up 2.62% from the prior post-market reference of $518.48. Intel (INTC) was at $98.16, up 2.46% from $95.80. SK Hynix (SKHY) traded at $179.44, up 2.08% from the previous trading day's closing reference of $175.78.
VanEck Semiconductor ETF (SMH) was quoted at $578.73, up 2.06% from its prior post-market reference of $567.05. SpaceX (SPCX) stood at $150.54, up 1.87% from $147.78. AMD (AMD) traded at $483.59, up 1.58% from $476.08.
IREN (IREN) was the only name in the list to post a decline, trading at $43.96, down 1.59% from the previous post-market reference of $44.67.
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