Sandisk Gains, EyePoint Tumbles, Snap Sinks on Court Ruling

On this episode of Stock Movers:

-Sandisk (SNDK) shares rise. AI-linked stocks are rising on Monday after Anthropic PBC told prospective investors that its preliminary second quarter revenue was $11.5 billion, an at least 14-fold increase versus the same period a year ago.

-EyePoint (EYPT) shares sink as much as 76% in premarket trading after the drug developer said its experimental treatment for an eye disease failed to meet its primary goal in a late-stage trial.

-Snap (SNAP) shares drop. This is due to a pivotal ruling from the 9th U.S. Circuit Court of Appeals and heavy insider stock sale.

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