WEN surges over 20% as Reddit retail traders launch meme campaign targeting Wendy's

Mars Finance reports that on June 24, Serenity tweeted to mock the latest meme stock movement unfolding on Reddit’s high-risk trading communities, targeting U.S. fast-food chain Wendy’s. According to market data, Wendy’s (WEN) has risen over 20% in after-hours trading, while declining more than 73% over the past five years. The Reddit high-risk trading community joked in warning: “If Wendy’s goes bankrupt, we’ll all be out of jobs—after losing all our money, we’ll have to go work behind Wendy’s trash bins.” Serenity later clarified that they hold no position and simply found it amusing, adding, “I don’t know if this campaign will succeed.” Wendy’s holds a unique cultural status within the Reddit WallStreetBets community, where the phrase “working behind Wendy’s trash bins” has long been a recurring joke among retail investors self-deprecating their losses.