Large Outflow of Money Witnessed in Wendys Company (The)

Wendys Company (The) (WEN) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (2.64 million) in Wendys Company (The) (WEN). On Friday, The value of composite uptick trades was $1.59 million, whereas, the value of composite downtick trades was $4.23 million and the ratio between the two was 0.38, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $2.67 million. The negative money flow of ($2.67 million) shows selling on strength. Wendys Company (The) (WEN) gained $0.18 intraday at $10.03 and registrered 1.83% for the week.

Wendys

Wendys Company (The) (WEN) : 9 investment research analysts covering Wendys Company (The) (WEN) have an average price target of $11.28 for the near short term. The highest target price given by the Brokerage Firm to the stock is $13 and the lowest target is $9 for the short term. Analysts expect the variance to be within $1.35 of the average price.

Wendys Company (The) (NASDAQ:WEN): stock turned positive on Friday. Though the stock opened at $9.85, the bulls momentum made the stock top out at $10.07 level for the day. The stock recorded a low of $9.82 and closed the trading day at $10.02, in the green by 1.73%. The total traded volume for the day was 2,909,348. The stock had closed at $9.85 in the previous days trading.

In a related news, 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.

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.

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