Wendy's shares climbed sharply after the fast-food chain appointed a new chief financial officer. The jump came just days after the stock reached its lowest point in a year. Many viewed the move as a sign the business might improve its position. High volume also helped push the price up quickly.
The shares finished close to the peak of the day’s trading. A stock expert firm kept its view on the shares at ‘hold’. It also left its estimate of where the shares could move next at $8.00. Experts said the new finance boss could help boost earnings, which may have helped drive the latest rise.