The Wendy’s Co (NASDAQ:WEN) rises by 0.49% and closed at $6.08, KeyCorp (NYSE:KEY)

Posted by Kristi Scott May 29, 2013 0 Comment 842 views


The Wendy’s Co (NASDAQ:WEN): Tuesday’s trading session saw The Wendy’s Co (NASDAQ:WEN) rising by 0.49%. The opening price of $6.17 climbed to an intraday high of $6.19 before settling down to close at $6.08 per share. Around 3.96 million shares were traded in the last trading session, which stood below the average volume of 4.43 million that was measured over 30 days.

The Wendy’s Co (NASDAQ:WEN) operates in the hamburger sandwich segment and is a quick-service, restaurant company. It primarily operates, develops and franchises a network of distinctive, quick-service restaurants. At the end of 30 December 2012, 6,186 Wendy’s restaurants were in operation in the North American region. Out of these restaurants, Wendy’s operated 1,427 while 4,759 were operated by 439 different franchisees.

Apart from this, in 30 December 2012, 374 franchised The Wendy’s Co (NASDAQ:WEN) restaurants were in operation in 26 different countries and territories apart from North America. The company also has a 50 percent stake in a Canadian restaurant real-estate joint venture with a quick-service restaurant chain, Tim Hortons Inc.

KeyCorp (NYSE:KEY): Tuesday’s trading session saw KeyCorp (NYSE:KEY) rising by 0.75%. The opening price of $10.78 climbed to an intraday high of $10.85 before settling down to close at $10.66 per share. Around 9.83 million shares were traded in the last trading session, which stood above the average volume of 9.31 million that was measured over 30 days.

The company has announced that Donald Kimble, will be taking up the Chief Financial Officer position on June 3 2013. Apart from the executive role, he will also be serving on KeyCorp (NYSE:KEY)’s management committee as well as its executive council. An undisputed veteran, Kimble has over two and a half decades of experience in the financial-services industry. Before joining KeyCorp, Kimble was Chief Financial Officer at Huntington Bancshares. Previously, he occupied different executive posts at AmSouth Bancorporation and at Bank One. He was also with JPMorgan Chase.

A bank holding company, KeyCorp (NYSE:KEY) is a bank-based financial services company. It is KeyBank National Association’s parent holding company. The former is KEY’s principal subsidiary, via which most of the company’s banking services are provided.


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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