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Wendy's (WEN) Looks Good: Stock Adds 8.2% in Session

Zacks Equity Research

The Wendy's Company WEN was a big mover last session, as the company saw its shares rise more than 8% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This stock, which remained volatile and traded within the range of $17.67 –$19.66 in the past one-month time frame, witnessed a sharp increase yesterday.

The move came after the company reported better-than-expected second-quarter 2019 results.

The company has seen no changes when it comes to estimate revision over the past few weeks, while the Zacks Consensus Estimate for the current quarter has also remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Wendy's currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.

The Wendy's Company Price

The Wendy's Company Price

Investors interested in the Retail - Restaurants industry may consider Denny's Corporation DENN, which has a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

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