{"id":976,"date":"2026-06-24T16:47:41","date_gmt":"2026-06-24T16:47:41","guid":{"rendered":"https:\/\/coasttocoastmoverss.com\/?p=976"},"modified":"2026-06-24T16:47:41","modified_gmt":"2026-06-24T16:47:41","slug":"wendys-skyrockets-as-reddit-traders-boost-shares-is-it-the-new-meme-stock","status":"publish","type":"post","link":"https:\/\/coasttocoastmoverss.com\/?p=976","title":{"rendered":"Wendy\u2019s Skyrockets As Reddit Traders Boost Shares\u2014Is It The New Meme Stock?"},"content":{"rendered":"<div>\n<h2>big number<\/h2>\n<p>$1.5 billion. That\u2019s Wendy\u2019s market value as of Wednesday, down 72% from its all-time high of $5.4 billion in October 2020. Most of the decline has occurred since Nov. 1, 2024, after which shares have dropped by more than 61%.<\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=972\">Giant Trump, Washington Banners Appear At Department Of Interior<\/a><\/p>\n<h2>key background<\/h2>\n<p>Wendy\u2019s business has slowed in recent years, and the fast-food chain warned last year its sales could be negative or fall flat as similar chains faced weakening demand. Earlier this year, it warned profit margins were impacted by swelling inflation in the U.S., which recently hit a three-year high, as global sales through Q4 2025 dropped 8.3%. Ken Cook, who served as interim CFO, said the company planned to close up to 6% of its roughly 6,000 U.S. locations as Wendy\u2019s worked to turn around performance. Wendy\u2019s said in November it would close restaurants as lower-income consumers pulled back on dining out, forecasting a decline in sales as it anticipated a decrease in traffic. <\/p>\n<p>Read more <a href=\"https:\/\/coasttocoastmoverss.com\/?p=970\">Gold And Silver Prices Fall To Seven-Month Lows<\/a><\/p>\n<h2>further reading<\/h2>\n<p><span><span>Forbes<\/span><span>Wendy\u2019s Stock Surges After Billionaire Nelson Peltz Calls It Undervalued<\/span><small>By <span>Mary Whitfill Roeloffs<\/span><\/small><\/span><span><\/span><\/p>\n<div><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Social media users alerted investors: \u201cWe need to save Wendy\u2019s.\u201d <\/p>\n","protected":false},"author":1,"featured_media":975,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-976","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Wendy\u2019s Skyrockets As Reddit Traders Boost Shares\u2014Is It The New Meme Stock? 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