The Wendy’s Company ( NASDAQ:WEN – Get Free Report ) shares dropped 4.7% on Wednesday. The stock traded as low as $6.25 and last traded at $6.2150. Approximately 550,063 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 11,006,044 shares. The stock had previously closed at $6.52.
Analyst Upgrades and Downgrades WEN has been the topic of a number of research reports. BMO Capital Markets reiterated a “market perform” rating on shares of Wendy’s in a research report on Monday, August 10th. KeyCorp reissued a “sector weight” rating on shares of Wendy’s in a report on Tuesday, August 11th. Citigroup boosted their price objective on shares of Wendy’s from $8.00 to $8.25 and gave the stock a “neutral” rating in a research report on Tuesday, September 1st. Weiss Ratings restated a “sell (d+)” rating on shares of Wendy’s in a research report on Thursday, October 15th. Finally, Stephens reduced their price objective on Wendy’s from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, October 15th. Two investment analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and five have issued a S...