Reddit stock traders boost Wendy’s to fresh highs in a collective bid to ‘save’ the fast food brand
Meme stock traders have found a new company to “save”: The Wendy’s Company. The fast food chain saw its shares (Nasdaq: WEN) rise over 19% in premarket trading on Thursday morning as pockets of the internet—primarily Reddit’s r/WallStreetBets—rallied for the company’s success. The overnight jump follows a Wednesday close that was up more than 25%. One of the earliest Reddit posts came yesterday with a picture showing Wendy’s stock price down more than 72% over the last...
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