YouTube Distilled
HomeVideos

Will the Wendy's meme stock craze continue?

Watch on YouTube

Now Playing

Will the Wendy's meme stock craze continue?

Transcript

24 segments

0:00

Wendy's is the latest meme stock after a

0:02

viral Reddit thread on Wall Street Bets.

0:04

>> The stock is up 25% today after Reddit

0:06

users said the burger chain is

0:07

positioned for a comeback.

0:09

>> The viral thread pointed out challenges

0:10

that are up against many fast food

0:12

giants including Wendy's like rising

0:14

costs, but this viral thread also said

0:16

we need to save Wendy's before it's too

0:18

late.

0:19

>> But Wendy's is just the latest stock

0:21

influenced by the retail investor

0:22

community.

0:23

>> Joining companies like AMC, Bed Bath &

0:25

Beyond, Carvana, and of course GameStop.

0:28

The surge in Wendy's stock comes

0:30

>> after they actually did just name a new

0:31

CFO.

0:32

>> Who actually already led another

0:34

turnaround with the new CEO Bob Wright

0:37

when they both were at Potbelly. So,

0:38

what do you think? Will the Wendy's

0:40

craze continue?

Interactive Summary

Wendy's has emerged as the latest 'meme stock' following a viral Reddit discussion on Wall Street Bets, leading to a 25% surge in its share price. The company joins a list of other retail-influenced stocks like AMC and GameStop, while simultaneously navigating a leadership transition with a new CFO experienced in corporate turnarounds.

Suggested questions

3 ready-made prompts