Why Wendy's Stock Popped Today

·1 min read
Why Wendy's Stock Popped Today

Shares of fast-food chain The Wendy's Company (NASDAQ: WEN) popped on Wednesday following news that its largest shareholder might be looking to acquire the company outright. Trian Fund Management owns over 25 million shares of Wendy's, according to its filings with the Securities and Exchange Commission (SEC) on May 13. Many analysts have price targets on Wendy's stock in the mid-$20 range and are keeping these targets intact today.

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