Reddit Traders Pile Into Wendy's, Sending the Burger Chain's Stock Up 26% in a Single Day Shares of fast-food chain Wendy's jumped nearly 26% on Wednesday after a 'save Wendy's' campaign took off on Reddit and retail investors rushed in, all on the same day Bitcoin tumbled. While Bitcoin was sliding on Wednesday, small investors had their attention fixed on a very different risk asset, sending shares of fast-food chain Wendy's (WEN) up nearly 26%. The rally in the McDonald's and Burger King rival kicked off after the stock was flagged on Reddit as a franchise that needed rescuing. Earlier in the week the shares had slipped as low as $6.08, but by the close of Wednesday's session they finished at $7.86, a daily gain of more than 25%. During the day the stock climbed as high as $8.89, and it was rising again in after-hours trading as of this writing. A 'Save Wendy's' Post Catches Fire A post titled 'We need to save Wendy's' has racked up more than 18,000 upvotes on the popular investing forum r/WallStreetBets. This is the same forum that earned both fame and notoriety for sparking the GameStop meme stock saga, fueled by the rallying cries of Keith Gill, also known as RoaringKitty. Pointing to the steep slide in the company's share price over recent years, the post declared, 'We need to save Wendy's before it's too late. If this company goes bankrupt, we'll all be out of a job!' Trading Volume Explodes 1,970% It was not just the price that took off. Trading volume exploded too, with more than 203 million shares changing hands before Wednesday's close. The stock typically averages fewer than 10 million shares traded in a day, according to Yahoo Finance data, making this a 1,970% jump. Even so, despite Wednesday's leap, the restaurant chain's stock is still down 36% over the past year and 66% over the past five years, again per Yahoo Finance. Buy Orders and a Trending Ticker Beyond the headline plea for help, a flood of individual posts circulated on r/WallStreetBets showing people buying Wendy's shares or placing long options trades, which are bets that the price will keep rising. The surge in interest pushed the ticker to the #1 trending spot on the financial social media site StockTwits, which tracks posts and sentiment around different assets. Crypto Players Jump In Too On the same day, a painful Bitcoin sell-off dragged Ethereum, XRP and Dogecoin lower and sent crypto-linked stocks diving. Even so, crypto investors moved to cash in on the moment. A meme coin version of the stock (WEN), created on the token launchpad Pump.fun and unaffiliated with The Wendy's Company, surged to a $439,000 market cap on Solana over the past 24 hours, a gain of more than 1,450%. A pinned comment on the popular Reddit post shows that the original poster has promoted that same token, whose Solana address begins with 'Eav7v,' in their bio on the site. The Forum Has Done This Before The forum has repeatedly lifted similarly struggling companies in traditional markets. In the past it has driven sharp swings in shares of movie theater chain AMC (AMC), mobile hardware maker Blackberry (BB) and home goods retailer Bed Bath & Beyond (BBY). What this means for you • For investors: This jump came from a social media campaign, not from any improvement in the business, and the stock is still down 36% over the past year, so betting on meme stocks like this carries heavy risk. • For crypto buyers: The WEN meme coin on Pump.fun is not linked to the company and is being promoted by the original poster, which means sharp swings and potential losses are far more likely. Questions & Answers 1. How much did Wendy's stock rise on Wednesday? Wendy's (WEN) jumped nearly 26% on Wednesday, closing at $7.86, a daily gain of more than 25%. 2. What caused the rally? A 'save Wendy's' post went viral on the Reddit forum r/WallStreetBets, after which retail investors rushed to buy the stock. 3. How many upvotes did the 'We need to save Wendy's' post get? The post has racked up more than 18,000 upvotes on r/WallStreetBets. 4. How many shares traded on Wednesday? More than 203 million shares changed hands before the close, against a usual average of fewer than 10 million a day, a 1,970% jump. 5. Is the stock still down despite the surge? Yes. Even after the jump, Wendy's shares are down 36% over the past year and 66% over the past five years. 6. What is the WEN meme coin? It is a meme coin created on Pump.fun and unaffiliated with The Wendy's Company. It reached a $439,000 market cap on Solana within 24 hours, a gain of more than 1,450%. 7. Which companies has this forum boosted before? Besides GameStop, r/WallStreetBets has previously driven sharp swings in AMC (AMC), Blackberry (BB) and Bed Bath & Beyond (BBY). https://trendkia.com/en/market/reddit-ke-niveshakon-ne-wendy-s-ke-sheyaron-para-lagaya-danva-eka-hi-dina-men-26-ki-uchhala-2805 TrendKia — Har trend, sabse pehle.