WALLSTREETBETS JUST FOUND ITS NEXT GAMESTOP.
Wendy's $WEN exploded 42% today, its biggest single day move since the 2020 pandemic crash rebound.
The move came right after Wendy's named Steven Cirulis, a former Potbelly executive, as its new CFO. But that alone doesn't explain a 42% spike.
Wendy's had hit a 13-year low of $6.07 just one day earlier, down nearly 40% over the past 12 months, after Q1 sales fell 5.5% and net income dropped 42%.
Short interest sits at a record 26%, with S3 Partners pegging bearish bets at 23% of the free float.
That combination, a beaten down stock with heavy short positioning, is exactly what fuels a short squeeze: rising prices force short sellers to buy back shares to cover losses, which pushes the price up further.
Wendy's became the second most mentioned stock on Reddit's WallStreetBets in the past 24 hours, the same forum that drove GameStop and AMC during the 2021 meme stock boom.
This isn't Wendy's first time as a meme stock.
The same thing happened in June 2021, when a single Reddit post sparked a 26% spike, though that rally faded within weeks since short interest was actually low and didn't support a real squeeze.
This time the setup is different, with short interest at a record high going in.
HOLY FUGGGGGGGGGGGGGGGGGG
THE XRP LEDGER FOUNDATION JUST POSTED THISπππππππππ
"TOMORROW'S GOING TO BE A GREAT DAY" ππππππππππππ
USING BEARABLEGUY123's HEADER IMAGE ON HIS X PROFILE
WHAT IS GOING ON?!? πππππ
I am deeply grateful for the trust President Trump placed in me and for the opportunity to lead @ODNIgov for the last year and a half.
Unfortunately, I must submit my resignation, effective June 30, 2026. My husband, Abraham, has recently been diagnosed with an extremely rare form of bone cancer. He faces major challenges in the coming weeks and months. At this time, I must step away from public service to be by his side and fully support him through this battle.
π¨JUST IN: The Clarity Act ADVANCES out of the Senate Banking Committee in a 15-9 bipartisan vote, with two Democrats voting in favor: @SenRubenGallego and @Sen_Alsobrooks.
Next stop: the full Senate.
Ondo, Kinexys by @jpmorgan, @Mastercard, & @Ripple successfully completed a landmark pilot transaction connecting the XRP ledger with interbank settlement rails.
This milestone marks the first time tokenized U.S. Treasuries have settled across borders and banks in near real time and outside traditional banking windows.
1. Ondo processed Rippleβs OUSG redemption on XRP Ledger
2. Mastercard's Multi-Token Network routed instructions to Kinexys by J.P. Morgan
3. J.P. Morgan delivered USD to Ripple's Singapore bank account
Tokenized assets are no longer separate from the global financial system. For the first time, a public blockchain and global banking infrastructure settled a cross-border transaction of a tokenized fund together in real time.
Together, weβre laying the groundwork for 24/7 global markets that never close.
π¨#BREAKING After 34 years of service, one of Americaβs most recognizable low-cost carriers Spirit Airlines has officially shut down its operations permanently leaving more than 15,000 people without jobs and leaving numerous passengers stranded
All flights have been canceled, and customer service systems have gone offline