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Wendy’s Becomes Next ‘Meme Stock’ as Price Jumps Thanks to Reddit Users
Yesterday, Foodmarket.com covered Wendy’s announcement of the return of its Summer Strawberry Chicken Salad for a limited time. While some Wendy’s fans may be excited about the salad’s return, a significant jump in stock price on June 8 was quite unexpected for many analysts.
Wendy’s stock climbed by 25.85% at closing, reaching the $28.87 per share mark and up from $22.94 at closing on June 7. following the announcement and help from the ‘meme stock’ community on Reddit.
A few months ago, Reddit users were famously...
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