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Why Wendy's Stock Got Torched Today

TheMotleyFool

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Why Wendy's Stock Got Torched TodayPhoto, wide shot, wide-angle lens, Laundry service, Midday, harsh overhead sunlight, directional sunlightt, photo by Thomas Heaton: https://img.theapi.app/temp/7d06f1e2-46d1-4cac-90e0-6cc2313e43fe.png

Shares of Wendy's (NASDAQ: WEN) were taking a dive today after the fast-food chain announced a relaunch of breakfast next year and slashed its 2019 earnings forecast due to investments associated with the new plan.

Investors seemed to dislike the new strategy, and the stock was down 10.7% as of 10:48 a.m. EDT.

Image source: Wendy's.

Source Fool.com

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