Premarket Movers | Wendy's Stock Jumps 31% as Serenity Mocks Reddit-Fueled Meme Stock Rally Targeting Wendy's

Tiger Newspress06-24

Wendy's jumped over 31% in pre-market trading.

Mars Finance reports that on June 24, Serenity tweeted to mock the latest meme stock movement unfolding on Reddit’s high-risk trading communities, targeting U.S. fast-food chain Wendy’s.

The Reddit high-risk trading community joked in warning: “If Wendy’s goes bankrupt, we’ll all be out of jobs—after losing all our money, we’ll have to go work behind Wendy’s trash bins.”

Serenity later clarified that they hold no position and simply found it amusing, adding, “I don’t know if this campaign will succeed.” Wendy’s holds a unique cultural status within the Reddit WallStreetBets community, where the phrase “working behind Wendy’s trash bins” has long been a recurring joke among retail investors self-deprecating their losses.

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Comments

  • NG LENG HWEE
    06-25
    NG LENG HWEE
    SAY NG LNENG HWEE 
  • bgbgbg
    06-24
    bgbgbg
    Honestly still undervalued.  Upside on MEME potential and actual fundamentals.
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