WEN
Outperforming without a clear catalyst yet
- WEN +4.11% on the last session vs SPY −0.25%: +4.4 pts of stock-specific move.
- Aftermath, big gain (+4.1% today so far, past its big-gain line of +3.0%): After its 71 big gains in the past 5 years, WEN was higher a week later 25 times out of 71; half the outcomes fell between -3.2% and +1.8%. History, not a forecast.
- 5 Reddit mentions in the past 24 hours, 80% positive over the week.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
- Activity: volume on pace for 1.8× its 20-day average.
Insiders
| Trade date | Insider | Role | Side | Type | Shares | Avg price | Value | Filed |
|---|---|---|---|---|---|---|---|---|
| Aug 15, 2026 | Lindsay J. Radkoski | CMO | Tax | tax withholding | 806 | $8.64 | $7K | Aug 18 |
| Aug 12, 2026 | Peter J. Jr Suerken | President | Tax | tax withholding | 2,318 | $8.66 | $20.1K | Aug 14 |
| Aug 12, 2026 | John Min | General Counsel | Tax | tax withholding | 14,267 | $8.66 | $123.6K | Aug 14 |
| Aug 12, 2026 | E.j. Wunsch | President | Tax | tax withholding | 18,826 | $8.66 | $163K | Aug 14 |
| Aug 12, 2026 | Matthew P Spessard | Chief Information Office | Tax | tax withholding | 7,487 | $8.66 | $64.8K | Aug 14 |
| Aug 12, 2026 | Lindsay J. Radkoski | CMO | Tax | tax withholding | 8,562 | $8.66 | $74.1K | Aug 14 |
| Aug 12, 2026 | Aaron M. Kale | CAO | Tax | tax withholding | 599 | $8.66 | $5.2K | Aug 14 |
| Aug 12, 2026 | Liliana Esposito | Chf Corp Affrs & Sustnbl | Tax | tax withholding | 9,785 | $8.66 | $84.7K | Aug 14 |
| Aug 11, 2026 | Aaron M. Kale | CAO | Tax | tax withholding | 499 | $7.55 | $3.8K | Aug 13 |
| Aug 11, 2026 | Matthew P Spessard | Chief Information Office | Tax | tax withholding | 183 | $7.55 | $1.4K | Aug 13 |
| Aug 11, 2026 | Liliana Esposito | Chf Corp Affrs & Sustnbl | Tax | tax withholding | 499 | $7.55 | $3.8K | Aug 13 |
| Aug 11, 2026 | Lindsay J. Radkoski | CMO | Tax | tax withholding | 185 | $7.55 | $1.4K | Aug 13 |
| Aug 11, 2026 | E.j. Wunsch | President | Tax | tax withholding | 871 | $7.55 | $6.6K | Aug 13 |
| Aug 5, 2026 | E.j. Wunsch | President | Tax | tax withholding | 1,568 | $7.99 | $12.5K | Aug 7 |
| Aug 5, 2026 | Matthew P Spessard | Chief Information Office | Tax | tax withholding | 344 | $7.99 | $2.7K | Aug 7 |
| Aug 5, 2026 | Lindsay J. Radkoski | CMO | Tax | tax withholding | 322 | $7.99 | $2.6K | Aug 7 |
| Aug 5, 2026 | Aaron M. Kale | CAO | Tax | tax withholding | 404 | $7.99 | $3.2K | Aug 7 |
| Aug 5, 2026 | Liliana Esposito | Chf Corp Affrs & Sustnbl | Tax | tax withholding | 654 | $7.99 | $5.2K | Aug 7 |
| Mar 1, 2026 | Matthew Coley O'Brien | Chief People Officer | Tax | tax withholding | 5,690 | $7.66 | $43.6K | Mar 3 |
| Feb 23, 2026 | Lindsay J. Radkoski | CMO | Tax | tax withholding | 864 | $7.77 | $6.7K | Feb 24 |
| Feb 23, 2026 | Liliana Esposito | Chf Corp Affrs & Sustnbl | Tax | tax withholding | 2,358 | $7.77 | $18.3K | Feb 24 |
| Feb 23, 2026 | Matthew Coley O'Brien | Chief People Officer | Tax | tax withholding | 2,688 | $7.77 | $20.9K | Feb 24 |
| Feb 23, 2026 | E.j. Wunsch | President | Tax | tax withholding | 4,141 | $7.77 | $32.2K | Feb 24 |
| Feb 23, 2026 | Suzanne M. Thuerk | CAO | Tax | tax withholding | 576 | $7.77 | $4.5K | Feb 24 |
| Feb 23, 2026 | Matthew P Spessard | Chief Information Office | Tax | tax withholding | 858 | $7.77 | $6.7K | Feb 24 |
| Feb 20, 2026 | Matthew P Spessard | Chief Information Office | Tax | tax withholding | 1,189 | $8.09 | $9.6K | Feb 24 |
| Nov 20, 2025 | Peter J. Jr Suerken | President | Buy | open-market buy | 500 | $7.88 | $3.9K | Nov 21 |
| Nov 19, 2025 | John Min | General Counsel | Buy | open-market buy | 1,700 | $8.18 | $13.9K | Nov 21 |
Officers, directors and 10% owners file SEC Form 4 within two business days. Unplanned: the insider chose to trade now, the trades worth attention; their dollars make the net above. 10b5-1 plan: scheduled in advance, kept for the record. Tax: shares withheld on vesting stock, not a market trade. Awards, option exercises and gifts are left out. Source: SEC EDGAR, collected daily for the stocks discussed on Reddit.
Congress
Members of Congress report trades within 45 days of the trade date, so these are never real-time. Amounts are disclosed as ranges; the net uses each range's midpoint (≈). Source: House and Senate periodic transaction reports via CongressInvests, refreshed daily.
Funds
| Investor | Shares | Value | Of its portfolio | Vs quarter before | As of |
|---|---|---|---|---|---|
| Trian (Nelson Peltz) | 30,468,434 | $252.6M | 6.0% | — | Q2 2026 |
| Date | Investor | Move | Source | Shares | ≈ Value | Now held | Filed |
|---|---|---|---|---|---|---|---|
| Feb 18, 2026 | Trian (Nelson Peltz) | 13D update | SCHEDULE 13D/A | Feb 18 |
Well-known investors we follow (Buffett, Ackman, Icahn, Druckenmiller, Tepper, Soros and others). 13F: managers report their US stock holdings up to 45 days after each quarter; the change from the quarter before is dated by the filing, the trades happened some time in the quarter, and the value is at the quarter-end price (≈). New and closed positions, and adds or cuts of 20% or more, of positions at least 0.2% of the portfolio. ARK: Cathie Wood's ETFs publish their holdings every morning; the change beyond the fund's own inflows and outflows, dated by the session it traded. 5%+ stake: Schedule 13D (with intent to influence) or 13G (passive), filed within days. Source: SEC EDGAR, ark-funds.com, refreshed daily. Who holds it: each investor's latest 13F portfolio (positions at the quarter's end; one sold since would not show until the next filing), and ARK's ETFs as of their latest daily file. The funds we follow and their portfolios · All recent insider, congressional and fund moves