Wendy’s Co’s filing revealed that its Director Mathews-Spradlin Mich J unloaded Company’s shares for reported $0.5 million on Nov 07 ’24. In the deal valued at $20.28 per share,24,462 shares were sold. As a result of this transaction, Mathews-Spradlin Mich J now holds 63,789 shares worth roughly $1.05 million.
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Then, Esposito Liliana sold 52,009 shares, generating $1,020,937 in total proceeds. Upon selling the shares at $19.63, the Chf Corp Affrs & Sustnblty Ofc now owns 83,492 shares.
Before that, Michelle Mathews-Spradlin bought 24,462 shares. Wendy’s Co shares valued at $496,089 were divested by the Director at a price of $20.28 per share.
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 Monday, Wendy’s Co [NASDAQ:WEN] saw its stock fall -1.02% to $16.48. Over the last five days, the stock has lost -2.43%. Wendy’s Co shares have fallen nearly -15.40% since the year began. Nevertheless, the stocks have fallen -16.47% 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 $18.52, while 200 days put it at $17.90.
Levels Of Support And Resistance For WEN Stock
The 24-hour chart illustrates a support level at 16.24, which if violated will result in even more drops to 16.00. On the upside, there is a resistance level at 16.68. A further resistance level may holdings at 16.88. The Relative Strength Index (RSI) on the 14-day chart is 29.00, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.60, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.25%. Stochastics %K at 9.88% indicates the stock is a buying.
How much short interest is there in Wendy’s Co?
A steep rise in short interest was recorded in Wendy’s Co stocks on 2024-11-29, growing by 2.37 million shares to a total of 13.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 10.83 million shares. There was a rise of 17.97%, which implies that there is a positive sentiment for the stock.
