Wendy’s Co’s recent filing unveils that its Director GILBERT KENNETH W unloaded Company’s shares for reported $81315.0 on Mar 01 ’24. In the deal valued at $18.07 per share,4,500 shares were sold. As a result of this transaction, GILBERT KENNETH W now holds 31,304 shares worth roughly $0.62 million.
Then, LEVATO JOSEPH A sold 20,000 shares, generating $383,626 in total proceeds. Upon selling the shares at $19.18, the Director now owns 30,407 shares.
Before that, Peltz Matthew H. sold 2,905,569 shares. Wendy’s Co shares valued at $58,983,051 were divested by the Director at a price of $20.30 per share. As a result of the transaction, Peltz Matthew H. now holds 17,827,059 shares, worth roughly $355.83 million.
A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Mkt perform”. JP Morgan also remained covering WEN and has decreased its forecast on February 21, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. Gordon Haskett revised its rating on January 16, 2024. It rated WEN as “a Hold” which previously was an “a Buy”.
Price Performance Review of WEN
On Tuesday, Wendy’s Co [NASDAQ:WEN] saw its stock jump 1.27% to $19.96. Over the last five days, the stock has gained 6.06%. Wendy’s Co shares have risen nearly 2.46% since the year began. Nevertheless, the stocks have fallen -11.92% over the past one year. While a 52-week high of $23.90 was reached on 04/23/24, a 52-week low of $17.64 was recorded on 02/21/24. SMA at 50 days reached $18.59, while 200 days put it at $19.54. A total of 2.92 million shares were traded, compared to the trading of 3.42 million shares in the previous session.
Levels Of Support And Resistance For WEN Stock
The 24-hour chart illustrates a support level at 19.79, which if violated will result in even more drops to 19.63. On the upside, there is a resistance level at 20.11. A further resistance level may holdings at 20.26. The Relative Strength Index (RSI) on the 14-day chart is 71.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.45%. Stochastics %K at 94.78% indicates the stock is a selling.
