Meme stock magic reappears! Wendy's (WEN.US) soars before market opening, retail investors may confront short-selling pressure next.

According to the Wise Finance APP, after multiple users on the WallStreetBets forum on Reddit called on retail investors to buy Wendy's (WEN.US) shares, the stock of this poorly-performing fast food chain surged significantly in pre-market trading. Before the opening of the US stock market on Wednesday, Wendy's surged over 36%, but as of the time of writing, the increase has narrowed to over 20%. If this increase can be sustained until the closing of the US stock market on Wednesday, it will be the strongest single-day rally for the stock in over five years.