Filed under: Major movement, Earnings reports, Bad news, Wendy’s Intl (WEN), Options, Technical Analysis

Wendy’s International Inc. (NYSE: WEN) stock is trading lower this morning after the company posted a fourth-quarter profit that failed to meet analysts’ expectations. Discounting a one-time $6.5 million charge, WEN made 21 cents a share on revenue of $596 million, below analyst estimates of 23 cents a share on $592 million. If you think this stock won’t be rising too far in the coming months, then it could be a good time to look at a bearish hedged play on WEN.

After hitting a one-year high of $42.22 in May, the stock hit a one-year low of $22.48 last month. This morning, WEN opened at $24.16. So far today the stock has hit a low of $24.15 and a high of $25.00. As of 10:35, WEN is trading at $24.20, down $0.98 (-3.9%). The chart for WEN looks neutral and improving, while S&P gives the stock a negative 2 STARS (out of 5) sell rating.

Continue reading Wendy’s (WEN) lower as Q4 earnings miss estimates

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This entry was posted on Monday, February 4th, 2008 at 5:22 pm and is filed under Stocks Money News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.