Wendy's stock jumps 27% after naming new CFO, fueled by retail traders and short squeeze hopes.

Wendy's stock surged 27% to $7.97 after appointing Steve Cirulis as the new CFO, sparking a rally driven by retail investors on Reddit targeting a short squeeze. Despite the stock's recent lows due to weak sales and traffic, the new CFO's track record and insider buying have boosted optimism. However, the company still faces challenges with declining same-restaurant sales and earnings. Investors will watch if the stock holds gains and await the Q2 earnings report for clearer direction.