Wendy's shares soar for a second day as retail investors pile into their new meme darling (opens original article in a new tab)

Wendy's shares rose for a second day as retail investors on Reddit fueled a surge through social media enthusiasm, disconnected from company fundamentals.

• Wendy's shares rose 12% in premarket after a 25.7% gain the previous day
• Retail investors on Reddit drove the stock surge through social media enthusiasm
• The rally followed Wendy's appointment of a new CFO and strategy officer