I made a few bucks in meme stocks in the past. I only buy a 200 or so shares just for kicks.
finance.yahoo.com
The Wendy's Company (NASDAQ:WEN) shares soared Wednesday morning after a since-deleted post on Reddit's WallStreetBets forum urged members to "save Wendy's before it's too late," sending the stock sharply higher from near 20-year lows.
The rally has the hallmarks of a classic retail trader squeeze. Wendy's stock had already fallen more than 70% since mid-2023, short sellers had piled in against it, and the brand carries the kind of nostalgic pull that tends to resonate with retail investors looking for a rallying cry.
Wendy's gets the meme stock treatment after Reddit's WallStreetBets calls for a rescue
The Wendy's Company (NASDAQ:WEN) shares soared Wednesday morning after a since-deleted post on Reddit's WallStreetBets forum urged members to "save Wendy's before it's too late," sending the stock sharply higher from near 20-year lows. The rally has the hallmarks of a classic retail trader...
finance.yahoo.com
The rally has the hallmarks of a classic retail trader squeeze. Wendy's stock had already fallen more than 70% since mid-2023, short sellers had piled in against it, and the brand carries the kind of nostalgic pull that tends to resonate with retail investors looking for a rallying cry.
