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Wendy’s Stock Soars 26% as Meme Traders Flock to Burger Chain

Wendy's stock experienced a significant price jump on Wednesday, June 24, fueled by a viral Reddit post and retail trader activity. The rally triggered a volatility halt on the New York Stock Exchange. The surge coincided with the appointment of Steve Cirulis as Chief Financial Officer and Chief Strategy Officer.

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What changed

The company appointed Steve Cirulis to a dual leadership role as stock prices spiked due to social media interest.

Live updates

  1. Wendy's Stock Surges Amid Meme Trader Rally and Executive Hire

    Wendy's stock experienced a significant price jump on Wednesday, June 24, fueled by a viral Reddit post and retail trader activity. The rally triggered a volatility halt on the New York Stock Exchange. The surge coincided with the appointment of Steve Cirulis as Chief Financial Officer and Chief Strategy Officer.

    What's confirmed:

    • Wendy's appointed Steve Cirulis as Chief Financial Officer and Chief Strategy Officer.
    • The stock experienced a rally on Wednesday, June 24.
    • A viral Reddit post contributed to the stock price increase.
    • The surge caused a trading halt on the New York Stock Exchange.

    Still unconfirmed:

    • The stock climbed as much as 42% intraday.
    • The stock rose 26%.
    • The stock soared 30%.
    • Reddit's WallStreetBets community triggered a short squeeze.
    • The stock was trading near 20-year lows prior to the rally.
    confidence 80%