Spirit Airlines (SAVE) : During the past 4 weeks, traders have been relatively bearish on Spirit Airlines (SAVE), hence the stock is down -9.51% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.54% relative to the S&P 500. The 4-week change in the price of the stock is -9.16% and the stock has fallen -0.58% in the past 1 week.
Spirit Airlines, Inc. has dropped 6.07% during the last 3-month period . Year-to-Date the stock performance stands at -0.25%. The stock has recorded a 20-day Moving Average of 3.56% and the 50-Day Moving Average is 8.16%.
Spirit Airlines (NASDAQ:SAVE): The stock opened at $39.85 on Friday but the bulls could not build on the opening and the stock topped out at $40.86 for the day. The stock traded down to $39.64 during the day, due to lack of any buying support eventually closed down at $39.75 with a loss of -0.85% for the day. The stock had closed at $40.09 on the previous day. The total traded volume was 811,699 shares.
Also, Citigroup maintains its view on Spirit Airlines (NASDAQ:SAVE) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup lowers the price target from $56 per share to $51 per share on Spirit Airlines . The rating by the firm was issued on August 8, 2016.
Spirit Airlines, Inc. is an airline company. The Companys all-Airbus fleet operates more than 300 daily flights to 56 destinations in the United States, Caribbean and Latin America. Its ultra-low-cost carrier (ULCC) business model provides low base fares with a range of optional services. The Companys route network includes approximately 151 markets served by 56 airports throughout North America, Central America, South America and the Caribbean. The Company operates international services to Aruba, the Bahamas, Colombia, Costa Rica, Dominican Republic, El Salvador, Guatemala, Haiti, Honduras, Jamaica, Mexico, Nicaragua, Panama, Peru and St. Maarten, as well as Puerto Rico and the United States Virgin Islands.