Wendys Company (The) (WEN) has risen sharply, recording gains of 2.48% in the past 4 weeks. However, the stock has corrected -0.6% in the past 1 week, providing a good buying opportunity on dips. 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 2.7% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.05%, relative to the S&P 500.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.12% and the fifty day Moving Average is 0.98%. The Wendys Company has dropped 3.79% during the last three month period . Year-to-Date the stock performance stands at -6.95%.
Wendys Company (The) (WEN) : The most positive equity analysts on Wendys Company (The) (WEN) expects the shares to touch $13, whereas, the least positive believes that the stock will trade at $9 in the short term. The company is covered by 8 Wall Street Brokerage Firms. The average price target for shares are $11.19 with an expected fluctuation of $1.41 from the mean.
Wendys Company (The) (NASDAQ:WEN): On Fridays trading session , Opening price of the stock was $9.93 with an intraday high of $10. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $9.82. However, the stock managed to close at $9.9, a loss of 0.30% for the day. On the previous day, the stock had closed at $9.93. The total traded volume of the day was 6,386,330 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.