Wendy’s Company, a fast-food giant, saw its stock price plummet by 12.27% in the US market on Monday. The decline comes as part of the overall market fluctuations, with the Dow Jones and S&P 500 indices also experiencing significant losses.
The Wendy’s Company is listed under the ticker symbol WEN, trading at $14.30 per share. Despite this recent downturn, investors are keeping an eye on the company’s performance in the coming weeks and months. With its strong brand presence and loyal customer base, Wendy’s remains a notable player in the quick-service restaurant industry.
In terms of market trends, the 5-day change for WEN stands at -3.12%, while its year-to-date change is -0.90%. As market conditions continue to evolve, investors will closely monitor the company’s financial reports and operational updates to gauge its resilience and growth potential.
Source: https://www.marketscreener.com/quote/stock/THE-WENDY-S-COMPANY-9691436/news/Piper-Sandler-Cuts-Wendy-s-Price-Target-to-17-From-21-Maintains-Overweight-Rating-49053426