Lending support to his choice, Clear Street, on June 3, initiated coverage on Amprius Technologies with a Buy rating and announced a price target of $33.As per the recent news, Wendy’s, on June 23, named Steve Cirulis as CFO and chief strategy officer, succeeding Ken Cook.On the earnings front, Wendy’s, on May 8, reported first-quarter results that topped Wall Street expectations and reaffirmed its full-year outlook despite continued margin pressure. The company reported first-quarter adjusted earnings per share of 12 cents, beating the analyst consensus estimate of 10 cents. Quarterly sales of $540.637 million (+3.3% year over year) outpaced the Street view of $517.965 million. Adjusted revenues gained 2.2% to $432.3 million.Price Action
Wendy’s shares fell 4.2% to settle at $7.45 on Wednesday.
Amprius Technologies shares declined 1.2% to close at $11.58.
McDonald’s shares fell 1.4% to settle at $278.25 on Wednesday.
