Spirit Airlines (SAVE) : Traders are bullish on Spirit Airlines (SAVE) as it has outperformed the S&P 500 by a wide margin of 7.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.9%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 7.07% in the last 1 week, and is up 6.83% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.94% and the 50-Day Moving Average is 5.67%.The 200 Day SMA reached 2.08%
Spirit Airlines (NASDAQ:SAVE): After opening at $41.8, the stock dipped to an intraday low of $41.4 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $42.86 and the buying power remained strong till the end. The stock closed at $42.53 for the day, a gain of 2.09% for the day session. The total traded volume was 1,611,442. The stocks close on the previous trading day was $42.53.
Spirit Airlines (SAVE) : 9 investment research analysts covering Spirit Airlines (SAVE) have an average price target of $54.56 for the near short term. The highest target price given by the Brokerage Firm to the stock is $64 and the lowest target is $47 for the short term. Analysts expect the variance to be within $4.88 of the average price.
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.