Wendy's Company (The) (WEN) Moves Higher on Volume Spike for August 08

Equities Staff  |

Wendy's Company (The) (WEN) traded on unusually high volume on Aug. 08, as the stock gained 1.47% to close at $17.26. On the day, Wendy's Company (The) saw 5.17 million shares trade hands on 26,356 trades. Considering that the stock averages only a daily volume of 2.63 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $18.25 and $13.57 over the last 52-weeks, its 50-day SMA is now $17.19, and its 200-day SMA $16.33. Wendy's Company (The) has a P/B ratio of 8.9. It also has a P/E ratio of 22.4.

The Wendy's Co operates, develops and franchises quick-service restaurants. It offers hamburger, sandwiches and filet of chicken breast sandwiches, chicken nuggets, chili, french fries, baked potatoes, salads, soft drinks, Frosty desserts and kids meals.

Headquartered in Dublin, OH, Wendy's Company (The) has 12,100 employees and is currently under the leadership of CEO .

For a complete fundamental analysis analysis of Wendy's Company (The), check out Equities.com’s Stock Valuation Analysis report for WEN.

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To get more information on Wendy's Company (The) and to follow the company’s latest updates, you can visit the company’s profile page here: WEN’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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