Wendy's (WEN) Shares Plunge 6.30% to 2020 Low Ahead of Earnings

Wendy's (WEN) shares plummeted 6.30% intraday, marking the lowest level since April 2020. The stock has been on a downward spiral for five consecutive days, with a total decline of 15.63% over the past week.

The primary driver behind the recent decline in Wendy's stock price is the company reaching a new 1-year low as of April 6, 2025. This development has raised concerns among investors, potentially leading to increased selling pressure and further depreciation of the stock. The anticipation of Wendy's first quarter 2025 financial results, scheduled for release on May 2, is also contributing to the current market sentiment. Investors are closely monitoring these upcoming earnings reports, as they could provide crucial insights into the company's performance and future prospects.