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 11.19% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 5.7%, 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 6.27% in the last 1 week, and is up 8.94% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 6.85% and the 50-Day Moving Average is 9.38%.The 200 Day SMA reached 7.69% The Wendys Company is up 8.39% in the last 3-month period. Year-to-Date the stock performance stands at 2.6%.
Wendys Company (The) (WEN) : The consensus price target for Wendys Company (The) (WEN) is $11.19 for the short term with a standard deviation of $1.41. The most optimist securities analyst among the 8 who monitor the stock believes that the stock can reach $13, however, the pessimist price target for the company is $9.
For the current week, the company shares have a recommendation consensus of Buy. Wendys Company (The) (NASDAQ:WEN): The stock opened at $10.8 and touched an intraday high of $10.91 on Friday. During the day, the stock corrected to an intraday low of $10.74, however, the bulls stepped in and pushed the price higher to close in the green at $10.85 with a gain of 0.37% for the day. The total traded volume for the day was 5,361,895. The stock had closed at $10.85 in the previous trading session.
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.