SanDisk (SNDK) is now available for 24/7 trading to international investors. It joins SpaceX and Micron as initial U.S. equities on the Backpack financial platform.
This allows investors outside the U.S. to buy and sell actual SanDisk shares. They can now trade shares directly, rather than synthetic derivatives.
Backpack's initiative aims to provide continuous price discovery and immediate settlement for U.S. securities. This caters to global investors who previously waited for U.S. market hours.
The move enhances accessibility to SNDK stock for a broader investor base. However, the announcement did not coincide with significant, directly attributable price movement.