The Wendy’s Co (NASDAQ:WEN) gained 1.33%, KeyCorp (NYSE:KEY)

Posted by Kristi Scott May 28, 2013 0 Comment 999 views


The Wendy’s Co (NASDAQ:WEN): In Friday’s trading session, The Wendy’s Co (NASDAQ:WEN) gained 1.33%. Its opening price of $6.20 rose to touch an intraday high of $6.23 which eventually headed down to close at $6.06 per share. Over 6.99 million shares exchanged hands in the last trading session. This number stood above the average volume of 4.43 million that was measured over a 30-day period.

This year, Wendy’s will introduce the Pretzel Bacon Cheeseburger, nationally. It has been tested in certain markets. The premium pretzel-bun burger has a sufficient amount of upward sales potential. The company said that it is not really sure about when the product will go national but it will be part of Wendy’s 2013 promotional calendar. The Wendy’s Co (NASDAQ:WEN) is hoping for a Q3 launch for it. the company has raised its Q3 same-store sales projections for North American company-owned as well as North American franchisee outlets by three percentage points, taking it to +5.0%. The Wendy’s Co (NASDAQ:WEN) is a quick-service restaurant company that operates in the hamburger sandwich segment.

KeyCorp (NYSE:KEY): In Friday’s trading session, KeyCorp (NYSE:KEY) gained 0.28%. Its opening price of $10.55 rose to touch an intraday high of $10.67 which eventually headed down to close at $10.53 per share. Over 6.97 million shares exchanged hands in the last trading session. This number stood below the average volume of 9.31 million that was measured over a 30-day period.

KeyCorp (NYSE:KEY) is a bank-based financial services, bank holding company. It is KeyBank National Association’s parent holding company. The former is its primary subsidiary, via which most of the banking services are provided. Via KeyBank and a few other subsidiaries, KEY provides a variety of commercial and retail banking, investment management, commercial leasing, consumer finance, investment banking services and products. These are provided to corporate, individual and institutional clients via two main business segments: Key Corporate Bank and Key Community Bank. As of 31 December 2012, it provided services across the U.S via KeyBank’s 1,088 full-service retail banking branches located in 14 states, additional offices as well as telephone banking call-center services group. It also has a network of 1,611 ATM’s in 15 states


About Kristi Scott

Kristi Scott joined GDP Insider in 2005 as a Wall Street reporter for the Business and Market section. Kristi covers the stock market, financial markets and personal finance. Her awards have come from the National Federation of Professional Writers, the Ohio Newspaper Association, the Cleveland Press Club, the Society of Professional Journalists and Suburban Newspapers of America. Kristi was named SNA's national Journalist of the Year

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