According to market data, Wendy's (WEN-US) surged 42% intraday on Wednesday, June 24, triggering multiple circuit breakers. Retail investors net bought approximately $2.3 million of the stock within 30 minutes of market open, with total trading volume reaching $790 million—approximately 11 times the average daily level.
The rally was fueled by social media momentum across Stocktwits and Reddit's WallStreetBets forum. Wendy's short interest stands at 34% according to ORTEX data, creating potential short-squeeze dynamics if the rally continues, though most short positions remain near entry costs.