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Home/News Feed/Wendy’s shares jump 37% after Reddit traders spark meme-stock rally

WEN

$7.40

-$0.05 -0.67%

Wendy’s shares jump 37% after Reddit traders spark meme-stock rally

Market News

24 Jun 2026

Forbes

View Source

Bullish

Wendy’s stock surged 37% following a wave of interest from Reddit’s r/WallStreetBets community, which encouraged investors to "save" the fast-food chain after its shares had fallen nearly 50% over the past year. The sudden buying frenzy led to the largest intraday gain since 2021, with trading volume spiking significantly. This rally comes amid Wendy’s recent leadership changes and ongoing challenges like declining sales and inflation pressures. Investors are watching to see if this meme-stock momentum can sustain a turnaround for the company.

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