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Why Wendy's Stock Dropped Today

TheMotleyFool

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Shares of The Wendy's Company (NASDAQ: WEN) fell on Wednesday, following an analyst downgrade. As of 3 p.m. EDT today, the burger chain's stock price was down more than 12%.

Stifel (NYSE:SF) analyst Chris O'Cull cut his rating on Wendy's from buy to hold today, a day after the stock surged 26% after it gained the attention of investors in the popular WallStreetBets Reddit Group.

Wendy's stock price pulled back sharply on Wednesday. Image source: Getty Images.

Source Fool.com

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