Shares of Wendy's soared on Wednesday as retail investors piled into the beaten-down fast-food chain, triggering a sharp rally reminiscent of the meme stock frenzy that gripped Wall Street in 2021.
The stock jumped as much as 41.9% during the session before settling about 28.5% higher at $9 after trading resumed following multiple volatility-related halts. The rally briefly lifted the shares to their highest level since November 2025.
