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Wendy’s joins GameStop as a meme stock after surging in value following a Reddit post urging fans to boost the brand.

The struggling fast-food chain is seeing more action than the red-hot memory-chip maker, which just posted stellar earnings.

A propos of the latest meme-stock sensation: The gains seem astronomical but, unless your timing is exquisite or you have serious online cachet yourself, owning a potential meme stock is a tough way to get rich.

Heather Hoytink will join the US-based confectionery and salty snacks group in July.

Wendy’s shares are surging another 10% this morning, in what appears to be a short squeeze of the restaurant chain’s stock. The premarket rally stands to build on Wendy’s 26% jump yesterday. The moves have all the hallmarks of the kind of short squeeze that made headlines in 2021, when retail investors banded together online to send shares of companies like GameStop and AMC Entertainment soaring—and inflict painful losses on hedge funds that had placed short bets on the stocks.

Memory-chip maker Micron underlines its status as a market bellwether as stellar earnings revive the stuttering AI trade.

Qualcomm hikes sales target, big bank stress test results are out, Trump cancels housing bill signing, and more news to start your day.

Heavily shorted Wendy's stock is soaring for the second day in a row after capturing the attention of retail investors on Reddit.

The struggling fast-food chain is seeing more action than the red-hot memory-chip maker, which just posted stellar earnings.

Qualcomm hikes sales target, big bank stress test results are out, Trump cancels housing bill signing, and more news to start your day.

Investing.com - U.S. stock index futures rose sharply on Thursday, with technology and semiconductor stocks leading gains after upbeat updates from two major players in the artificial intelligence ecosystem.

↗️ Micron Technology (MU): The memory-chip maker said revenue quadrupled in the second quarter and that it expects the chip shortage to extend beyond 2027. Shares surged 17% premarket. ↗️ Sandisk (SNDK), Western Digital (WDC), Qualcomm (QCOM): Memory makers and other stocks tied to the AI buildout also rallied ahead of the bell.

Shares of fast-food chain Wendy’s (NASDAQ:WEN) jumped 27.1% in the afternoon session after it announce a leadership overhaul, layered on top of takeover speculation involving Nelson Peltz's Trian Fund Management.

A number of stocks jumped in the afternoon session after WTI crude fell below $70 per barrel, easing pressure on consumer wallets.

A number of stocks jumped in the afternoon session after WTI crude fell below $70 per barrel, easing pressure on consumer wallets.

A number of stocks jumped in the afternoon session after WTI crude fell below $70 per barrel, easing pressure on consumer wallets. Wendy's surged 30% (driven largely by retail enthusiasm and a CFO change), while broader quick-service and casual dining stocks like McDonald's and Darden benefited from the macro tailwind.

Shares of casual restaurant chain Brinker International (NYSE:EAT) jumped 3.6% in the afternoon session after WTI crude fell below $70 per barrel, easing pressure on consumer wallets.

A revamped executive team has investors excited.

Shares of casual salad chain Sweetgreen (NYSE:SG) jumped 6.1% in the afternoon session after WTI crude fell below $70 per barrel, easing pressure on consumer wallets.

Shares of doughnut chain Krispy Kreme (NASDAQ:DNUT) jumped 8.6% in the afternoon session after WTI crude fell below $70 per barrel, easing pressure on consumer wallets.

Wendy's stock jumped 26% as WallStreetBets traders chased a GameStop-style short squeeze in the beaten-down burger chain.

Today, June 24, 2026, the Dow edged upwards as falling crude prices helped offset tech valuation worries.

Today, June 24, 2026, investors piled in as leadership changes fueled meme stock hype and speculation about a potential turnaround at the burger chain.

Shares in fast-food chain Wendy's might be the next hot meme stock for retail investors hungry for a cause.

Yahoo Finance's Josh Lipton takes a closer look at some of Wednesday's trending tickers and stories, including Broadcom's (AVGO) partnership with OpenAI (OPAI.PVT), Cerebras's (CBRS) first quarterly earnings report, and Wendy's (WEN) meme stock status.

Consumer stocks were higher late Wednesday afternoon, with the State Street Consumer Staples Select

Wendy's stock surged over 40% at intraday highs after a Reddit thread 'We need to save Wendy's went viral.

<body><p>STORY: Shares of Wendy's soared as much as 42% on Wednesday as retail traders flocked to the beaten-down stock in the latest meme-like rally.</p><p>:: Robinhood</p><p>&nbsp; &nbsp;Archive</p><p>Trading on the heavily-shorted stock was paused multiple times due to volatility, with shares at one point hitting a more than seven-month high.</p><p>:: Robinhood</p><p>&nbsp; &nbsp;Archive</p><p>Retail investors bought $2.3 million worth of Wendy's stock in&nbsp;just the first half-hour of Wednesday trading, building on purchases of $2.2 million earlier in the week, according to Vanda Research data.</p><p>The ticker was the #1 trending stock on retail investor forum Stocktwits Wednesday morning. It also had the second-highest mentions on Reddit forum r/WallStreetBets over the last 24 hours, according to market sentiment aggregator SwaggyStocks.</p><p>:: Wendy's</p><p>As of the last market close, shares of Wendy's had fallen more than 78% from their record highs five years ago, including a roughly 25% drop this year. The fast food chain is battling weak sales and pressure from an activist investor. Wendy's named a new CEO last month and a new finance chief on Tuesday.</p><p>Short interest in the stock stood at 34% of its free float as of Wednesday, according to financial analytics firm ORTEX.</p><p>Bearish investors in the stock are staring&nbsp;at $45 million in paper losses, if the gains hold.</p><p>Wednesday's move mirrors the Reddit-driven meme stock frenzy of 2021, when amateur investors pushed up shares of video-game retailer GameStop and movie theater chain AMC, burning hedge funds on the other side of the trade.</p></body>

Is Wendy's the next big meme stock?

All three major US stock indexes rose around midday on Wednesday as oil prices fell and investors lo