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Save your seatWEN ran from roughly $6.40 in April to about $8.10 in mid-May off a Q1 earnings beat, a new China franchise deal, and fresh take-private chatter tied to Trian.
A failure to hold $7.30 could see a retrace toward the $6.80 to $6.40 range. More weak U.S. same-restaurant sales or any sign the activist angle cools off would accelerate the downside.
If WEN holds the $7.30 to $7.50 area, a move back toward $8.10 to $8.75 is on the table. Resistance at $8.10 is the first hurdle, and activist headlines or continued turnaround progress could keep buyers interested.
We don't currently have information about Wendy's Company (The)'s earnings.