Wendy's jumped over 31% in pre-market trading.
Mars Finance reports that on June 24, Serenity tweeted to mock the latest meme stock movement unfolding on Reddit’s high-risk trading communities, targeting U.S. fast-food chain Wendy’s.
The Reddit high-risk trading community joked in warning: “If Wendy’s goes bankrupt, we’ll all be out of jobs—after losing all our money, we’ll have to go work behind Wendy’s trash bins.”
Serenity later clarified that they hold no position and simply found it amusing, adding, “I don’t know if this campaign will succeed.” Wendy’s holds a unique cultural status within the Reddit WallStreetBets community, where the phrase “working behind Wendy’s trash bins” has long been a recurring joke among retail investors self-deprecating their losses.