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Benzinga
Benzinga
Business
Joel Elconin

YOU WONT BELIEVE: Premarket prep hits the drive thru comparing mcdonald s wendys stock performance | Mind Blowing Facts

Wendys McDonald MCD WEN Dennis Dick

It is important to follow relationships and how the price action in one issue may or not affect others in its sector. On Thursday’s PreMarket Prep show, there was a discussion about how the recent price action in Wendy’s Co. (NASDAQ:WEN) following its first-quarter report will impact its peer McDonald’s Corp (NYSE; MCD) in Thursday’s session. And what implications Wendy’s price action in 2022 may or may not have on McDonald’s moving forward.

Wendy’s Q1 Miss: After the close on Wednesday, Wendy's reported quarterly earnings of 17 cents per share, which missed the analyst consensus estimate of 18 cents by 5.56%.

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