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Wajeeh Khan

Wendy’s Pops on Meme Stock Hype. How Should You Play WEN Here?

WEN Wendys Peter Saleh McDonald

Wendy’s (WEN) shares shot up some 10% at market open on Wednesday, July 23 amid broader meme stock frenzy, with retail traders rotating into names with elevated short interest. 

The fast-food chain, with a tad above 11% of its float sold short, joined the ranks of Krispy Kreme (DNUT) and GoPro (GPRO) as speculative favorites. 

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