Large Inflow of Money Detected in Spirit Airlines

Spirit Airlines (SAVE) : Investors lapped up stocks on upticks to the tune of $4.32 million in the Thursdays trading session. The trading value on downticks was comparatively at $3.11 million and the uptick to downtick ratio of 1.39 indicates continuous buying by the bulls. The net money flow into the stock was $1.21 million. Upticks saw transactions worth $0.1 clearly indicating buying by large investors. The total money flow for block trades stood at $0.1 million, which is a positive for the stock in the long-term. Spirit Airlines (SAVE) fell $0.05 during the day at $47.49, a drop of -0.11% over the previous days close. However, for the week, the stock is 3.17%, compared to the previous week.


The stock has recorded a 20-day Moving Average of 7.29% and the 50-Day Moving Average is 9.86%. Shares have dropped -20.15% from its 1 Year high price. On Aug 18, 2015, the shares registered one year high at $62.41 and the one year low was seen on Nov 16, 2015. The 50-Day Moving Average price is $43.80 and the 200 Day Moving Average price is recorded at $44.53.

Spirit Airlines (NASDAQ:SAVE): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $47.90 and $47.17 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $48.38. The buying momentum continued till the end and the stock did not give up its gains. It closed at $47.55, notching a gain of 0.02% for the day. The total traded volume was 1,122,995 . The stock had closed at $47.54 on the previous day.

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.

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