Director Peter W. May sold 1,000,000 shares (1.00M shares) of Wendy's Co (WEN) at $17.18 on 2024-08-08; stock now -21.6% from 52-week high.
Director Peter W. May executed a substantial open-market sale of 1,000,000 shares on 2024-08-08 at $17.18, reducing his holdings by 6.3% to 14,943,466 shares (14.94M shares). Current price of $17.12 is 21.6% below the 52-week high of $21.83, placing the stock in the lower part of its annual range, though up 7.9% over the prior 30 days. Examining his same-ticker history at WEN, three of four prior sales showed negative 90-day returns (well-timed patterns: 30d +8.9%, 90d +4.0%; 30d n/a, 90d -6.4%; 30d -4.4%, 90d -13.0%; 30d -1.6%, 90d -9.2%), suggesting a demonstrated ability to execute sales before declines at this ticker. The company itself shows stability with annual revenue growth of 4.1%, net income of $54,643,000.00, and a P/E of 17.29, though the stock's recent weakness and the director's continued large holdings (14.94M shares) warrant monitoring of near-term price action against his historical timing patterns.