Wendys Company (The) (WEN) : The value of composite uptick trades was $2.24 million, whereas, the value of composite downtick trades was $4 million. The uptick to downtick ratio stood at 0.56 with a negative money flow of ($1.75) Million during Tuesdays trading session. The block trades money flow was negative ($1.7 million).The uptick to the downtick ratio of 0.15 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.29 million. The transaction of the trades on downticks amounted to $1.99 million, which confirms investors selling on the strength of price. Wendys Company (The) (WEN) gained 11 cents at $10.08, an increase of 1.1% over the previous days close.
Also, In a research note released to the investors, Goldman Sachs maintains its rating on Wendys Company (The) (NASDAQ:WEN).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, Goldman Sachs lowers the new price target from $12.5 per share to $11 per share. The rating by the firm was issued on August 11, 2016.
Shares of The Wendys Company rose by 0.5% in the last five trading days and 3.19% for the last 4 weeks. The Wendys Company has dropped 1.47% during the last 3-month period . Year-to-Date the stock performance stands at -5.63%.
Wendys Company (The) (NASDAQ:WEN): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $10.02 and $10.02 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.15. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.04, notching a gain of 0.10% for the day. The total traded volume was 2,934,761 . The stock had closed at $10.03 on the previous day.
In a related news, Penegor Todd Allan, CFO of Wendys Co, executed a transaction worth $104,800 on May 13, 2016. A total of 10,000 shares were purchased at an average price of $10.48. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
The Wendys Company is the parent company of its wholly owned subsidiary holding company Wendys Restaurants, LLC (Wendys Restaurants). Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States. Wendys is the quick-service restaurant company in the hamburger sandwich segment. Wendys is primarily engaged in the business of operating, developing and franchising a system of distinctive quick-service restaurants serving food. Wendys Restaurants is the parent company of Wendys International, LLC (Wendys), which is the owner and franchisor of the Wendys restaurant system in the United States.