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Stephens gives an Equal-weight recommendation for Wendy’s Co (WEN)

In a filing, Wendy’s Co revealed its Global Chief Marketing Officer Loredo Juan Carlos unloaded Company’s shares for reported $0.87 million on May 09 ’24. In the deal valued at $19.50 per share,44,806 shares were sold. As a result of this transaction, Loredo Juan Carlos now holds 27,586 shares worth roughly $0.51 million.

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Then, GILBERT KENNETH W sold 4,500 shares, generating $81,315 in total proceeds. Upon selling the shares at $18.07, the Director now owns 31,304 shares.

Before that, LEVATO JOSEPH A sold 20,000 shares. Wendy’s Co shares valued at $383,626 were divested by the Director at a price of $19.18 per share. As a result of the transaction, LEVATO JOSEPH A now holds 30,407 shares, worth roughly $0.57 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 1.47% to $18.63. Over the last five days, the stock has lost -4.31%. Wendy’s Co shares have fallen nearly -4.36% since the year began. Nevertheless, the stocks have fallen -20.52% over the past one year. While a 52-week high of $23.89 was reached on 05/02/24, a 52-week low of $17.64 was recorded on 02/21/24. SMA at 50 days reached $18.91, while 200 days put it at $19.40. A total of 4.07 million shares were traded, compared to the trading of 5.53 million shares in the previous session.

Levels Of Support And Resistance For WEN Stock

The 24-hour chart illustrates a support level at 18.44, which if violated will result in even more drops to 18.25. On the upside, there is a resistance level at 18.82. A further resistance level may holdings at 19.01. The Relative Strength Index (RSI) on the 14-day chart is 41.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.83%. Stochastics %K at 10.71% indicates the stock is a buying.

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