Spirit Airlines (NASDAQ:SAVE) has risen sharply, recording gains of 0.48% in the past 4 weeks. However, the stock has corrected -0.07% in the past 1 week, providing a good buying opportunity on dips. Spirit Airlines (NASDAQ:SAVE) : During the past 4 weeks, traders have been relatively bearish on Spirit Airlines (NASDAQ:SAVE), hence the stock is down -1.12% 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 -1.33% relative to the S&P 500.
The company shares have dropped -27.56% from its 1 Year high price. On Jul 13, 2015, the shares registered one year high at $64.81 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $43.66 and the 200 Day Moving Average price is recorded at $44.47.
The stock has recorded a 20-day Moving Average of 5.02% and the 50-Day Moving Average is 6.88%.
Spirit Airlines (NASDAQ:SAVE): stock turned positive on Friday. Though the stock opened at $45.37, the bulls momentum made the stock top out at $46.42 level for the day. The stock recorded a low of $45.28 and closed the trading day at $46.03, in the green by 1.88%. The total traded volume for the day was 1,094,150. The stock had closed at $45.18 in the previous days trading.
In an insider trading activity, Elkins David G, director of Spirit Airlines, Inc., executed a transaction worth $71,880 on March 17, 2016. A total of 1,500 shares were purchased at an average price of $47.92. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered.
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.