New meme stock Wendy’s soars 30% with trading halted at one point
The rally followed a viral WallStreetBets post and the appointment of Steve Cirulis as CFO, with trading volume topping 202.2 million shares.
- On Wednesday, Wendy's shares surged 37% to around $8.50, marking the largest intraday gain since June 2021, as retail traders on Reddit targeted the beaten-down chain in a meme-stock frenzy.
- The surge follows years of decline for Wendy's, which saw shares fall more than 78% from 2021 record highs while battling weak sales and activist investor pressure since November 2024.
- Wendy's appointed former Potbelly Corp executives CEO Bob Wright and CFO Steve Cirulis, a leadership change investors interpreted as a bullish turnaround signal for the struggling burger chain.
- Retail traders on r/WallStreetBets pushed demand for shares, arguing Wendy's was undervalued, while short interest stands at 34% of free float, leaving bearish investors vulnerable to a potential squeeze.
- Robust trading activity saw more than $368 million worth of shares change hands by mid-morning, roughly six times the one-year average, with bearish investors facing $45 million in potential paper losses.
43 Articles
43 Articles
Reddit Wants to 'Save Wendy's': Inside the Meme-Stock Rally Hunting a 29% Short
The post Reddit Wants to ‘Save Wendy’s’: Inside the Meme-Stock Rally Hunting a 29% Short appeared first on 24/7 Wall St.. CNBC's Brandon Gomez identified three meme-stock catalysts for Wendy's (WEN): beaten-down share price, 29% short interest, and strategic turnaround under new CEO. WEN shares rallied 13.09% over one week as Reddit sentiment hit 57-76 across WSB and r/stocks, driven by retail interest in the heavy short positioning and CEO in…
Wendy's shares soar for a second day as retail investors pile into their new meme darling
In this articleWENFollow your favorite stocksCREATE FREE ACCOUNTA Wendy’s restaurant sign is seen on Nov. 10, 2025 in Austin, Texas. Brandon Bell | Getty ImagesWendy’s shares extended their rally for a second day on Thursday, as retail traders continued piling into the heavily shorted fast-food chain.Shares surged another 12% in premarket after a 25.7% gain in the previous session, their biggest advance since June 2021. The rally appeared largel…
Reddit stock traders boost Wendy’s to fresh highs in a collective bid to ‘save’ the fast food brand
Meme stock traders have found a new company to “save”: The Wendy’s Company. The fast food chain saw its shares (Nasdaq: WEN) rise over 19% in premarket trading on Thursday morning as pockets of the internet—primarily Reddit’s r/WallStreetBets—rallied for the company’s success. The overnight jump follows a Wednesday close that was up more than 25%. One of the earliest Reddit posts came yesterday with a picture showing Wendy’s stock price down …
Meme investors have struck again on Wall Street. This time, stocks of fast food chain Wendy’s are in the grip of Redditors attempting to manipulate stocks. Without any logical news trigger, the stock has risen in value by approximately 25 percent in just a few days. At one point, the stock was even 42 percent higher.
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