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 (2.37 million) in Wendys Company (The) (WEN). On Wednesday, The value of composite uptick trades was $1.48 million, whereas, the value of composite downtick trades was $3.85 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 $2.93 million. $0.31 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.11. The negative money flow of ($2.62 million) shows selling on strength. Wendys Company (The) (WEN) gained $0.11 intraday at $9.86 and registrered 1.13% for the week.
Also, In a research note released to the investors, Nomura downgrades its rating on Wendys Company (The) (NASDAQ:WEN).The analysts at the brokerage house have a current rating of Neutral on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The rating by the firm was issued on June 22, 2016.
Wendys Company (The) (NASDAQ:WEN): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $9.84 and $9.75 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $9.89. The buying momentum continued till the end and the stock did not give up its gains. It closed at $9.86, notching a gain of 1.13% for the day. The total traded volume was 3,485,264 . The stock had closed at $9.75 on the previous day.
The stock has recorded a 20-day Moving Average of 2.15% and the 50-Day Moving Average is 1.36%. 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.