Wendy’s soared to an all-time high in early trading on a move being attributed to positive mentions and meme spotlights on news aggregation and discussion website Reddit. Shares of Wendys were up 18.57% premarket to $27.24, reported Seeking Alpha (June 8).
This is the first time a rnatural factors potassium citrateestaurant stock has landed prominently on the Reddit radar, which typically focuses on retail chain names. Dubbed a “meme stock,” Wendy’s ascent follows a similar – albeit more eye-opening surge involving retailer GameStop back in January, which saw its stock reach 347.51, or 1prenatal vitamin with fe fumarate34%; on Dec. 30, 2020, it was valued at $18.84 per share.
The cause of the dramatic increase was a coordinated effort via social media to raise the value of the companys stock, intended to negatively affect professional investors planning to ‘short sell’ Gamevitamins for life calcium citrate plus vitamin d3Stop shares, calcium citrate 1200 mg without vitamin daccording to Statista.AMC also saw a similar stock surge recently, for the same reasonkirkland magnesiums. With Wendy’s opening the door for food companies, there could be more to come.
We may see some other notable restaurant stocks as targets by retail investors. After what weve seen with GameStop and AMC, anything is on the table, said Brian Choi, Managing Partner and CEO of The Food Institute. Ill be closely watching public food stocks over the next few weeks.
Source: Tradingview