Wendy’s Co (WEN): Gunther Plosch , CFO of Wendy’s Co purchased 20,000 shares on May 13, 2016. The Insider buying transaction was reported by the company on May 16, 2016 to the Securities and Exchange Commission. The shares were purchased at $10.50 per share for a total value of $210,018.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 1, 2015, Nelson Peltz (director 10% owner) sold 1,738,577 shares at $11.37 per share price.On Jun 26, 2015, Peter W May (director 10% owner) sold 4,069,412 shares at $11.29 per share price.Also, On Jun 26, 2015, Edward P Garden (director 10% owner) sold 3,613,235 shares at $11.29 per share price.
Wendys Co: On Friday, May 13, 2016 heightened volatility was witnessed in Wendys Co which led to swings in the share price. The shares opened for trading at $10.48 and hit $10.56 on the upside , eventually ending the session at $10.46, with a gain of 0.10% or 0.01 points. The heightened volatility saw the trading volume jump to 46,50,927 shares. The 52-week high of the share price is $11.71 and the company has a market cap of $2,788 M . The 52-week low of the share price is at $8.43.
Company has been under the radar of several Street Analysts.Wendys Co is Initiated by Longbow to Buy and the brokerage firm has set the Price Target at $13. The Rating was issued on Mar 18, 2016.
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.