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Wendy's shares soar for a second day as retail investors pile into their new meme darling
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- Wendy's shares extended their rally for a second day on Thursday, as retail traders continued piling into the heavily shorted fast-food chain.
- Shares surged another 12% in premarket after a 25.7% gain in the previous session, their biggest advance since June 2021.
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Wendy's shares extended their rally for a second day on Thursday, as retail traders continued piling into the heavily shorted fast-food chain.
Shares surged another 12% in premarket after a 25.7% gain in the previous session, their biggest advance since June 2021. The rally appeared largely disconnected from company fundamentals and instead reflected a burst of social-media enthusiasm that has transformed Wendy's into the latest meme-stock favorite.
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