Wendy's Stock Worth Watching as Restaurant Chain Names New CEO—Key Levels to Monitor

Key TakeawaysWendy's named PepsiCo executive Kirk Tanner as its next CEO, effective Feb. 5, succeeding Todd Penegor, who has been at the helm of Wendy’s since 2016.The Wendy's share price has tracked mostly sideways since breaking above a six-month downtrend line last month.If the stock can hold these levels and flip previous resistance into support, it may mark the beginning of a new move higher. The Wendy's Company Source: TradingView.com.Wendy’s (WEN) stock is on the menu to watch Friday after the com ...