Economic TimesLean R·
US Stock Market: Retail investor rush sends Wendy's stock soaring on heavy trading volume
Wendy's shares experienced a dramatic surge, climbing nearly 29% as retail investors flocked to the struggling fast-food chain. This rally, reminiscent of the 2021 meme stock craze, saw the stock trending on platforms like Stocktwits and Reddit. The significant buying interest from individual traders comes as the company faces sluggish sales and activist pressure, with its stock having fallen substantially from its peak.
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