Wendy's Stock Down 19% in a Month: Should You Buy the Dip?

The Wendy's Company (WEN) stock has lost 18.9% in the past month compared with the industry and the S&P 500’s decline of 2.8% and 3.8%, respectively.The recent decline can be primarily attributed to macroeconomic challenges, stiff competition and high operating costs. A softer macroeconomic environment, including cautious consumer spending and inflationary pressure, continues to hurt discretionary dining.The company is still seeing inflationary pressure on beef. While WEN intends to strategically adjust sel ...