Wendys Company (The) (WEN) : Traders are bullish on Wendys Company (The) (WEN) as it has outperformed the S&P 500 by a wide margin of 0.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 2.05%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.48% in the last 1 week, and is up 2.91% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Wendys Company (The) (NASDAQ:WEN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.76 and $9.73 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.96. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.90, notching a gain of 2.06% for the day. The total traded volume was 2,462,444 . The stock had closed at $9.70 on the previous day.
The stock has recorded a 20-day Moving Average of 1.7% and the 50-Day Moving Average is 0.52%. The Wendys Company has dropped 9.23% during the last 3-month period . Year-to-Date the stock performance stands at -6.95%.
Wendys Company (The) (WEN) : The highest short term price target forecast on Wendys Company (The) (WEN) is $13 and the lowest target price is $9. A total of 9 equity analysts are currently covering the company. The average price of all the analysts is $11.28 with a standard deviation of $1.35.
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.