Wendy's Surges Over 40% on June 24 as Reddit Retail Traders Launch Meme Stock Rally

According to Bitget, Wendy's (WEN) surged over 40% to $8.78 on June 24 market open, rebounding from a 73% decline over the past five years. The rally comes as Reddit's WallStreetBets community launched a meme stock campaign targeting the fast-food chain, reviving a running joke in the community that losing traders would end up working at Wendy's dumpsters.
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