Spirit Airlines (SAVE) : During the past 4 weeks, traders have been relatively bearish on Spirit Airlines (SAVE), hence the stock is down -16.62% 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 -2.33% relative to the S&P 500. The 4-week change in the price of the stock is -15.76% and the stock has fallen -2.27% in the past 1 week.
The stock has recorded a 20-day Moving Average of 5.96% and the 50-Day Moving Average is 8.43%. Spirit Airlines (NASDAQ:SAVE): On Fridays trading session , Opening price of the stock was $40.22 with an intraday high of $40.59. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $39.82. However, the stock managed to close at $39.98, a loss of 1.14% for the day. On the previous day, the stock had closed at $40.44. The total traded volume of the day was 782,637 shares.
The company Insiders own 0.26% of Spirit Airlines shares according to the proxy statements. Institutional Investors own 96.18% of Spirit Airlines shares. During last six month period, the net percent change held by insiders has seen a change of 1.83%. Also, Brokerage firm Citigroup maintains its rating on Spirit Airlines (NASDAQ:SAVE). As per the latest information, the brokerage house lowers the price target to $51 per share from a prior target of $56. The shares have been rated Buy. The rating by the firm was issued on August 8, 2016.
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.