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Aviation Industry

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

junio 9, 2017

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.

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Fuente: https://www.equities.com/news/spirit-airlines-inc-save-moves-higher-on-volume-spike-for-june-08

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