Storage Stocks Drop 4.7% as Whale Dip-Buy Orders Partially Fill

MU, SNDK, and SKHX pre-market declines trigger partial execution of $23.6M whale buy orders, reducing short exposure while significant limit orders remain unfilled.

Woofun AI data shows that US storage sector equities MU, SNDK, and SKHX declined approximately 4.6%, 4.7%, and 2.1% in pre-market trading, respectively, compared to earlier tracking levels. This price action triggered the partial execution of $23.676 million in dip-buy orders placed by three top-tier whales. The MU-focused whale executed 17 purchases between $797.75 and $805.17, covering 563 short shares at an average price of $801.46 for a total value of roughly $451,000, resulting in a realized loss of about $33,300. Consequently, the whale's MU short position decreased from 1,822.2 to 1,259.3 shares, a reduction of 30.9%, with a remaining unrealized loss of approximately $70,000. Eighty additional buy orders remain active in the $600 to $795.28 range, targeting 11,300 further MU shares worth about $7.855 million; full execution would close remaining shorts and establish a net long position of roughly 10,000 shares.

Orders for the other two whales remain untriggered. The SKHX whale holds no current position but maintains 10 buy orders between $991.22 and $1,016.60, representing a potential $10 million investment, with the highest pending order sitting 5.4% below the current market price. The SNDK whale retains 6,353.3 long shares valued at approximately $7.526 million, with an average entry of $1,365.9 and an expanded unrealized loss of about $1.152 million. This entity also holds 64 additional buy orders ranging from $523 to $968.45, totaling roughly $5.37 million, with the highest limit order positioned 18.2% below current levels. Collectively, the three whales have 154 pending buy orders with a remaining notional value of approximately $23.225 million, against a backdrop of $899 million in 24-hour trading volume and $610 million in open contract value for these assets.