Wendy’s Co’s recently made public 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 $0.9 million.
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.
Morgan Stanley downgraded its Wendy’s Co [WEN] rating to an Underweight from a an Equal-weight in a research note published on January 21, 2025; the price target was decreased to $14 from $22. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in mid June with a ‘”a Sell”‘ rating. Bernstein revised its rating on February 22, 2024. It rated WEN as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of WEN
On Tuesday, Wendy’s Co [NASDAQ:WEN] saw its stock fall -2.95% to $14.17. Over the last five days, the stock has lost -5.60%. Wendy’s Co shares have fallen nearly -13.07% since the year began. Nevertheless, the stocks have fallen -26.43% over the past one year. While a 52-week high of $20.65 was reached on 01/02/25, a 52-week low of $14.57 was recorded on 01/21/25. SMA at 50 days reached $17.14, while 200 days put it at $17.65.
Levels Of Support And Resistance For WEN Stock
The 24-hour chart illustrates a support level at 14.02, which if violated will result in even more drops to 13.87. On the upside, there is a resistance level at 14.42. A further resistance level may holdings at 14.67. The Relative Strength Index (RSI) on the 14-day chart is 16.01, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.09%. Stochastics %K at 1.59% 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 2024-12-31, dropping by -1.01 million shares to a total of 12.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 13.2 million shares. There was a decline of -8.32%, which implies that there is a negative sentiment for the stock.
