Spirit Airlines Stock Rises Above The Clouds - Here's What's Happening
Portfolio Pulse from Ryan Gustafson
Spirit Airlines, Inc. (NYSE:SAVE) stock rose over 5% on Thursday, breaking its recent downtrend caused by ongoing pressure on airlines. The company had lowered its Q3 revenue guidance last week due to rising fuel costs. However, the stock's rise was backed by above-average trading volume.
September 21, 2023 | 8:11 pm
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Spirit Airlines' stock rose over 5% on Thursday, breaking its recent downtrend. This comes despite the company lowering its Q3 revenue guidance due to rising fuel costs.
Despite lowering its Q3 revenue guidance due to rising fuel costs, Spirit Airlines' stock rose over 5% on Thursday. This break from the recent downtrend was backed by above-average trading volume, indicating strong investor interest. This could potentially signal a short-term bullish trend for the stock.
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