Apple Falls, Trip.com Falls, Wendy's Down After Meme-Stock Crowd Piled In
On this episode of Stock Movers:
- Apple (AAPL) shares fall. Apple Inc. raised prices of Macs, iPads, home devices, and the Vision Pro to offset cost hikes caused by a shortage of memory chips and storage. The price hikes are in effect globally and do not currently apply to iPhone, Apple Watch, or AirPods prices, but the company hinted at possible future price adjustments.
- Trip.com ADRs drop after the company reported adjusted earnings for the first quarter that missed analyst estimates. The online travel agency also expects slower 2Q revenue growth. Analysts including Brian Gong note that Trip.com expects total net revenues growth to decelerate in the second-quarter of 2026 with the impact from surging oil price and operation adjustment.
- Wendy's (WEN) shares are down. This is after retail traders piled into the fast-food chain on Wednesday after a post on Reddit Inc.'s WallStreetBets implored its members to “save Wendy’s before it’s too late.”
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