In a filing, Wendy’s Co revealed 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 $0.95 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 Friday, Wendy’s Co [NASDAQ:WEN] saw its stock fall -0.40% to $14.83. Over the last five days, the stock has gained 3.71%. Wendy’s Co shares have fallen nearly -9.02% since the year began. Nevertheless, the stocks have fallen -22.84% over the past one year. While a 52-week high of $20.65 was reached on 01/02/25, a 52-week low of $13.98 was recorded on 01/22/25. SMA at 50 days reached $16.43, while 200 days put it at $17.49.
Levels Of Support And Resistance For WEN Stock
The 24-hour chart illustrates a support level at 14.71, which if violated will result in even more drops to 14.58. On the upside, there is a resistance level at 15.00. A further resistance level may holdings at 15.16. The Relative Strength Index (RSI) on the 14-day chart is 37.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.00%. Stochastics %K at 61.17% 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 2025-01-15, dropping by -0.42 million shares to a total of 9.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 10.08 million shares. There was a decline of -4.36%, which implies that there is a negative sentiment for the stock.
