Wendy's shares climbed sharply after the fast-food chain appointed a new chief financial officer. The jump came just days after the stock fell to its lowest point in a year. Many saw the move as a sign the business might improve its position. Heavy activity also helped push the price up swiftly.
The shares finished near the peak of the day’s trading. A stock expert firm kept its view on the shares at a ‘hold’ rating. 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 increase.