Hello and welcome to BeachBum Trading! In today’s [WEN | Wendy’s Co | Quick Take] video 🎥, we will be addressing a question from one of our viewers in yesterday’s chat about Wendy’s stock. The question we received was about the recent drop in Wendy’s stock. For those who may not be familiar, Wendy’s is a fast-food chain known for their burgers. The stock took a dip after their earnings report, where they beat slightly on earnings but missed on revenue. They are profitable and have a high debt, with a decent float and not heavily shorted. However, zooming out a bit, we can see a long wick indicating a recovery from the initial drop. The stock has a relatively previous support level at 16, but not much upside.
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📖 CHAPTERS 📖
00:00 – WEN | Wendy’s Co
03:50 – BeachBum Trading Sites
04:38 – Discord Invite
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🔽 REFERENCES 🔽
📝 WEN – Wendys Co – Home Page 👉 http://www.wendys.com/
📝 Profile of Wendys Co (WEN) stock | ChartMill.com 👉 https://www.chartmill.com/stock/quote/WEN?a=152324
📝 WEN Wendys Co Stock Quote 👉 https://finviz.com/quote.ashx?a=311864277&t=WEN
📝 Wendys Co (WEN) Stock Price Today, Quote & News | Seeking Alpha 👉 https://seekingalpha.com/symbol/WEN
📝 Weekly Trading Game Plan Notes for 6/3 – 6/7/24 – Part 2 👉 https://docs.google.com/document/d/1oAsIWldMEk6AJEcINTXE4C8YDQJn3LK0TmsnIlnK6YY/edit?usp=sharing
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