Wendy’s Co’s recently made public that its Director Dolan Kristin A unloaded Company’s shares for reported $0.37 million on Jun 03 ’24. In the deal valued at $17.39 per share,21,000 shares were sold. As a result of this transaction, Dolan Kristin A now holds 39,478 shares worth roughly $0.64 million.
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Then, Loredo Juan Carlos sold 44,806 shares, generating $873,717 in total proceeds. Upon selling the shares at $19.50, the Global Chief Marketing Officer now owns 27,586 shares.
Before that, GILBERT KENNETH W sold 4,500 shares. Wendy’s Co shares valued at $81,315 were divested by the Director at a price of $18.07 per share. As a result of the transaction, GILBERT KENNETH W now holds 31,304 shares, worth roughly $0.51 million.
Goldman initiated its Wendy’s Co [WEN] rating to a Sell in a research note published on June 13, 2024; the price target was $16. Bernstein also remained covering WEN and has decreased its forecast on February 22, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on February 21, 2024. It rated WEN as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of WEN
On Tuesday, Wendy’s Co [NASDAQ:WEN] saw its stock fall -0.79% to $16.30. Over the last five days, the stock has lost -3.32%. Wendy’s Co shares have fallen nearly -16.32% since the year began. Nevertheless, the stocks have fallen -25.06% over the past one year. While a 52-week high of $22.42 was reached on 05/02/24, a 52-week low of $16.22 was recorded on 07/02/24. SMA at 50 days reached $17.95, while 200 days put it at $18.81. A total of 5.03 million shares were traded, compared to the trading of 3.26 million shares in the previous session.
Levels Of Support And Resistance For WEN Stock
The 24-hour chart illustrates a support level at 16.14, which if violated will result in even more drops to 15.98. On the upside, there is a resistance level at 16.45. A further resistance level may holdings at 16.60. The Relative Strength Index (RSI) on the 14-day chart is 34.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.48%. Stochastics%K at 43.43% indicates the stock is a holding.
