Wendys Company (The) (NASDAQ:WEN) has tumbled 1.76% during the past week and has dropped 0.98% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.58%. Wendys Company (The) (NASDAQ:WEN) has underperformed the index by 1.89% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Wendys Company (The) (NASDAQ:WEN): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.74 and $9.72 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $10.07. The buying momentum continued till the end and the stock did not give up its gains. It closed at $10.07, notching a gain of 3.49% for the day. The total traded volume was 7,270,586 . The stock had closed at $9.73 on the previous day.
The company shares have dropped -11.98% from its 1 Year high price. On Jun 25, 2015, the shares registered one year high at $11.47 and the one year low was seen on Oct 2, 2015. The 50-Day Moving Average price is $10.41 and the 200 Day Moving Average price is recorded at $10.31.
On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the CFO of Wendys Co, Penegor Todd Allan, had purchased 10,000 shares in a transaction dated on May 13, 2016. The transaction was executed at $10.48 per share with total amount equaling $104,800.
Many analysts have stated their opinion on the company shares. In the latest statement by the brokerage house, Bernstein assumes its outlook on Wendys Company (The) (NASDAQ:WEN). The current rating of the shares is Market Perform, according to the research report released by the firm. The rating by the firm was issued on May 26, 2016. Currently the company Insiders own 22.7% of Wendys Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by 6.82% . Institutional Investors own 77.82% of Wendys Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of 7.86%.
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.