Wendy’s Co’s recently made public that its Director Peltz Matthew H. unloaded Company’s shares for reported $17.18 million on Aug 08 ’24. In the deal valued at $17.18 per share,1,000,000 shares were sold. As a result of this transaction, Peltz Matthew H. now holds 14,943,466 shares worth roughly $292.0 million.
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Then, MAY PETER W sold 1,000,000 shares, generating $17,180,000 in total proceeds. Upon selling the shares at $17.18, the Director now owns 14,943,466 shares.
Before that, PELTZ NELSON sold 1,000,000 shares. Wendy’s Co shares valued at $17,180,000 were divested by the Director at a price of $17.18 per share. As a result of the transaction, PELTZ NELSON now holds 14,943,466 shares, worth roughly $292.0 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 Friday, Wendy’s Co [NASDAQ:WEN] saw its stock jump 0.36% to $19.54. Over the last five days, the stock has lost -0.81%. Wendy’s Co shares have risen nearly 0.31% since the year began. Nevertheless, the stocks have risen 2.30% over the past one year. While a 52-week high of $20.65 was reached on 05/02/24, a 52-week low of $15.61 was recorded on 07/09/24. SMA at 50 days reached $17.72, while 200 days put it at $18.00.
Levels Of Support And Resistance For WEN Stock
The 24-hour chart illustrates a support level at 19.31, which if violated will result in even more drops to 19.08. On the upside, there is a resistance level at 19.82. A further resistance level may holdings at 20.09. The Relative Strength Index (RSI) on the 14-day chart is 64.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.18%. Stochastics %K at 74.00% indicates the stock is a holding.
How much short interest is there in Wendy’s Co?
A steep rise in short interest was recorded in Wendy’s Co stocks on 2024-10-15, dropping by -1.66 million shares to a total of 12.39 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.05 million shares. There was a decline of -13.4%, which implies that there is a negative sentiment for the stock.
