Spirit Airlines shares are trading lower lower, possibly due to profit-taking after Monday's rally. The stock surged Monday following news that the company had extended its debt refinancing deadline.
Portfolio Pulse from Benzinga Newsdesk
Spirit Airlines shares are experiencing a decline, likely due to profit-taking after a significant rally on Monday. The rally was driven by the news of an extension in the company's debt refinancing deadline.
October 22, 2024 | 2:59 pm
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Spirit Airlines' stock is trading lower, likely due to profit-taking after a rally on Monday. The rally was triggered by the extension of the company's debt refinancing deadline.
The decline in Spirit Airlines' stock is attributed to profit-taking following a rally. The rally was due to positive news about debt refinancing, which initially boosted investor confidence. However, the current decline suggests investors are locking in gains.
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