Spirit Airlines Inc. (SAVE) Moves Higher on Volume Spike for June 08

Equities Staff  |

Spirit Airlines Inc. (SAVE) traded on unusually high volume on Jun. 08, as the stock gained 0.79% to close at $55.85. On the day, Spirit Airlines Inc. saw 2.07 million shares trade hands on 16,575 trades. Considering that the stock averages only a daily volume of 1.16 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $60.40 and $37.17 over the last 52-weeks, its 50-day SMA is now $55.02, and its 200-day SMA $51.20. Spirit Airlines Inc. has a P/B ratio of 2.71. It also has a P/E ratio of 16.4.

Spirit Airlines Inc is an airline based in Miramar, Florida. The Company's all-Airbus fleet currently operates more than 385 daily flights to over 56 destinations in the United States, Caribbean and Latin America.

Headquartered in Miramar, FL, Spirit Airlines Inc. has 5,742 employees and is currently under the leadership of CEO Robert L. Fornaro.

For a complete fundamental analysis analysis of Spirit Airlines Inc., check out Equities.com’s Stock Valuation Analysis report for SAVE.

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To get more information on Spirit Airlines Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: SAVE’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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