Wendy’s swings lower after 25.7% meme-stock surge fizzles
What’s new: Vanda Research flagged Wendy’s as the market’s most abnormal retail-buying case after a Reddit-driven “Save Wendy’s” push.
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#Wallstreetbets
Wendy's jumps 25.7% as retail traders drive meme-stock squeeze
What's new: Net buying was running at more than 50 times Wendy's 20-day average, while about 23% of its free float was sold short.
Bloomberg, CNBC +1