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Stock impact report

Wendy's (WEN) Stock Is Up, What You Need To Know [Yahoo! Finance]

Wendy's Company (The) (WEN) 
Last wendy's company (the) earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
According to a filing with the Securities & Exchange Commission, the financial group bought 294,979 shares of the restaurant operator's stock, a position valued at approximately $3.37 million. This new investment gave Baird Financial Group a holding of about 0.15% in Wendy's. Such a significant purchase by an institutional investor often suggested to other market participants a strong vote of confidence in the company's future direction and financial health. The filing also noted that other institutional investors had similarly adjusted their positions in the company's stock. The shares closed the day at $8.50, up 3.9% from previous close. Is now the time to buy Wendy's? Access our full analysis report here Wendy's shares are somewhat volatile and have had 11 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business. The biggest mov Show less Read more
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