Why Wendy's Fell This Week
Hopes of a quick takeover at a premium were seemingly dashed, but is a bigger turnaround in the works?
Overview
Shares of fast-food stalwart The Wendy's Companies (NASDAQ: WEN) fell this week, declining 12.9% at the lows, before recovering to a 9.3% decline as of 2:13 p.m. EDT Friday, according to data from S&P Global Market Intelligence.
Wendy's has had a tough go of it of late. The stock is down 20.1% over the past year and down a whopping 73.4% from its all-time highs.
Details
The recent decline in the stock price has sparked speculation that the company could be taken private by its largest shareholder. That would likely be done at a premium, so the stock had risen in recent weeks.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.