Spirit Airlines (SAVE) has risen sharply, recording gains of 3.48% in the past 4 weeks. However, the stock has corrected -7.8% in the past 1 week, providing a good buying opportunity on dips. Spirit Airlines (SAVE) : During the past 4 weeks, traders have been relatively bearish on Spirit Airlines (SAVE), hence the stock is down -3.07% 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 -8.36% relative to the S&P 500.
Spirit Airlines (NASDAQ:SAVE): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.95 and $42.69 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.91. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.76, notching a gain of 3.57% for the day. The total traded volume was 1,115,881 . The stock had closed at $42.25 on the previous day.
The stock has recorded a 20-day Moving Average of 2.87% and the 50-Day Moving Average is 0%. Spirit Airlines, Inc. has dropped 11.95% during the last 3-month period . Year-to-Date the stock performance stands at 9.81%.
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.