Wendy’s Stock Surges on WallStreetBets-Driven Rally
Wendy’s stock surged nearly 30% after traders from the Reddit forum WallStreetBets rallied around it in an attempt to replicate GameStop's short squeeze. The rally, fueled by high trading volume and a new CFO hire, pushed shares above $8.89 but did not reach levels seen during previous meme-stock frenzies.
Topics: GameStop short squeeze WallStreetBets Wendy's