Wendy's Shares To The Moon!

The meme-stock spotlight shined upon a new company on Tuesday: Wendy’s shares surged as Reddit investors appeared to turn their attention to the popular burger chain and CNBC host Jim Cramer called it a “huge favourite” of his programme.

YOLO Stocks, a site that tracks Reddit mentions of popular meme stocks, indicated that mentions of Wendy’s were up 3 per cent over the past 24 hours on the popular forum r/wallstreetbets, and the company is ranked number 6 in mentions on the subreddit. Previously it was ranked no. 19.

A meme stock is one that sees a boost in trading activity after gaining attention on social media...