Wendy's Shares Drop After Meme Stock Rally Fails to Sustain Momentum
Wendy's stock declined nearly 7% on Thursday after a significant one-day rally driven by retail traders and social media enthusiasm. The initial surge of over 25% was attributed to the 'Save Wendy's' campaign on Reddit, but failed to continue into the second day.
Topics: market volatility meme stocks Reddit retail traders Wendy's