Wendys Company (The) (WEN) : During the past 4 weeks, traders have been relatively bearish on Wendys Company (The) (WEN), hence the stock is down -0.98% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.17% relative to the S&P 500. The 4-week change in the price of the stock is -0.6% and the stock has fallen -0.2% in the past 1 week.
The Wendys Company has dropped 1.49% during the last 3-month period . Year-to-Date the stock performance stands at -6.38%. The stock has recorded a 20-day Moving Average of 0.66% and the 50-Day Moving Average is 1.51%.
Wendys Company (The) (NASDAQ:WEN): The stock opened at $10.06 on Friday but the bulls could not build on the opening and the stock topped out at $10.08 for the day. The stock traded down to $9.92 during the day, due to lack of any buying support eventually closed down at $9.96 with a loss of -1.19% for the day. The stock had closed at $10.08 on the previous day. The total traded volume was 2,555,947 shares.
Also, Brokerage firm Goldman Sachs maintains its rating on Wendys Company (The) (NASDAQ:WEN). As per the latest information, the brokerage house lowers the price target to $11 per share from a prior target of $12.5. The shares have been rated Buy. The rating by the firm was issued on August 11, 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.