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Wendy’s shares rose as the Reddit crowd talked about “chicken t-shirts”

Shares of On Wendy (WEN) rose more than 25 percent in late afternoon trading on Tuesday after Reddit’s investment communities began spreading bullish comments about the fast food chain, telling of the company’s dishonest social media feeds and its “chicken t-shirts” that make ‚Äúliterally the perfect stock for this subsystem. ”
But Wendy’s isn’t exactly the same as AMC (AMC),, GameStop (GME) or most other stocks preferred by Reddit merchants. It should be noted that it is not a company against which many short sale hedge funds gamble.

In fact, Wendy̵

7;s largest shareholder is the hedge fund Trian, managed by Nelson Peltz. Trian owns about 12% of the company, while Petlz personally owns another 7% of the company. The best mutual fund companies Vanguard and BlackRock also have over 7% shares.

These AMC insiders sold $ 8 million in shares during last week's boom
Still, this could be a recipe for a big influx of stocks. An investor at Reddit noted earlier this week that the fact that the shares are so widely held by insiders and large institutional firms could make him mature for pop.

“Rage + shortage + small volume means that minimum purchases can raise the price quickly,” wrote the Reddit user

Other Reddit users have noted that Wendy’s social media team has the ability to crash. Mac Donalds (MCD) and other competitors on Twitter. This dishonesty can help the company win new investors.
Wendy likes the popularity of social media, describing her Twitter show as follows: “We like our tweets the way we like to make our burgers: better than anyone expects from a fast food restaurant.”
And some Reddit users have been quick to point out the delicious irony of the fact that Wendy’s investors are generating big “tendis,” a term that is both a WSB code for trading profits and a nickname for Wendy’s chicken bites.

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