Spirit Airlines Inc. Stock Falls Monday, Underperforms Market
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Shares of Spirit Airlines Inc. (SAVE) slid 3.85% to $22.70 Monday, on what proved to be an all-around mixed trading session for the stock market, with the NASDAQ Composite Index rising 0.05% to 14,942.83 and the Dow Jones Industrial Average falling 0.45% to 36,068.87. Spirit Airlines Inc. closed $18.07 short of its 52-week high ($40.77), which the company reached on March 18th.
The stock underperformed when compared to some of its competitors Monday, as Southwest Airlines Co. (LUV) fell 0.24% to $45.24, Delta Air Lines Inc. (DAL) fell 2.12% to $40.63, and Ryanair Holdings PLC ADR (RY4C.DB) fell 0.02% to $115.97. Trading volume (4.8 M) remained 13,917 below its 50-day average volume of 4.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 10, 2022.
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January 10, 2022 17:21 ET (22:21 GMT)
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