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Wendy’s stock surged so much that trading was halted multiple times

By
FOX Local
Business
Published June 24, 2026 2:33 PM MST
Published June 24, 2026 2:33 PM MST
article

Recently remodeled Wendy's hamburger restaurant showing entire store, northern Idaho. (Photo by: Don & Melinda Crawford/Education Images/Universal Images Group via Getty Images)

The Brief

    • Wendy’s stock price spiked Wednesday, peaking 41% higher than where it was the previous night.
    • The restaurant chain’s stock price lost more than two-thirds of its value in the past three years.
    • Wendy’s volatile day echoed similar meme stock runs affecting GameStop and AMC in 2021.

An explosive start to the trading day for Wendy’s meant that trading of the fast-food chain’s stock needed to be halted multiple times during the day.

By the numbers:

After trading at $6.25 the previous night, Wendy’s stock opened Wednesday morning more than a dollar and a half higher at $7.84 per share. Ten minutes later, the stock price jumped another dollar to $8.84, or 41% higher than it was Tuesday night. It retreated to $7.86 by close, but again topped the $8 mark in after-hours trading. 

Big picture view:

At its peak Wednesday, Wendy’s stock price, which has lost more than two-thirds of its value in the past three years, reached its highest point since November of last year. 

Dig deeper:

The restaurant chain’s meme-stock-like run on Wednesday was similar to scenarios in 2021 that affected video game retailer GameStop and movie theater chain AMC, Reuters reported, noting how those cases burned hedge funds. 

The Source: Information for this article was taken from Reuters. This story was reported from Orlando.

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