Large Inflow of Money Witnessed in Wendys Company (The)

Wendys Company (The) (WEN) : Thursdays money flow indicated an uptick to downtick ratio was at 2.36. The total value of inflow transactions on upticks was $2 million, whereas, the total value of outflow trades on downticks was $0.85 million. The total money flow was $1.15 million, which shows a mild bullish bias. The total money flow into the stock in block trades was $1.04 million. The total value of the trades done on upticks was $1.04 million. Wendys Company (The) (WEN) was trading with a -1.97% change over previous days close. It fell $0.19 during the day and reached $9.44. The stock was -1.67% compared to the previous weeks close.

Wendys

Wendys Company (The) (WEN) stock is expected to deviate a maximum of $1.35 from the average target price of $11.28 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $13 and the most muted being $9. The stock has recorded a 20-day Moving Average of 2.61% and the 50-Day Moving Average is 6.73%.

Wendys Company (The) (NASDAQ:WEN): The stock opened at $9.60 on Thursday but the bulls could not build on the opening and the stock topped out at $9.61 for the day. The stock traded down to $9.35 during the day, due to lack of any buying support eventually closed down at $9.55 with a loss of -0.83% for the day. The stock had closed at $9.63 on the previous day. The total traded volume was 4,037,222 shares.

The Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants, LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is the quick-service restaurant company in the hamburger sandwich segment. Wendys is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States.

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