Shares of Spirit Airlines (SAVE) Sees Large Inflow of Net Money Flow

Spirit Airlines (SAVE): $2.64 million was the positive money flow into the stock on Wednesday and the up/down ratio of ticks was also in favor of the bulls at 1.25. The value of trades done on upticks was $13.25 million, whereas, trades done on downticks were valued at $10.61 million. Money flows are calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades. large traders, also sometimes called as the smart money, block traded $2.55 million worth stocks on upticks, which is a bullish indication. The downticks accounted only for $1.38 million worth of block trades showing a lack of interest among the large traders to sell the stock down. The up/down ratio of 1.84 was strongly in favor of the bulls. The money flow in block trades was $1.17 million. Spirit Airlines (SAVE) fell $0.07 traded at $41.88, a change of -0.17% over the previous day. The stock is 5.44% for the week.

Spirit

Shares of Spirit Airlines, Inc. rose by 9.49% in the last five trading days and 6.32% for the last 4 weeks. Spirit Airlines, Inc. has dropped 5.01% during the last 3-month period . Year-to-Date the stock performance stands at 5.09%.

Spirit Airlines (SAVE) : 6 brokerage houses believe that Spirit Airlines (SAVE) is a Strong Buy at current levels. 1 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Spirit Airlines (SAVE). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 7 Wall Street Analysts endorse the stock as a Strong Buy with a rating of 1.29.

Spirit Airlines (NASDAQ:SAVE): stock was range-bound between the intraday low of $41.7 and the intraday high of $42.75 after having opened at $42.36 on Wednesdays session. The stock finally closed in the red at $42.36, a loss of -0.17%. The stock remained in the red for the whole trading day. The total traded volume was 1,308,896 shares. The stock failed to cross $42.75 in Wednesdays trading. The stocks closing price on Thursday was $41.95.

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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