DJ Spirit Airlines Inc. Stock Underperforms Tuesday When Compared To Competitors
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Shares of Spirit Airlines Inc. $(SAVE.AU)$ shed 3.07% to $3.79 Tuesday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index rising 1.59% to 15,696.64 and the Dow Jones Industrial Average rising 0.69% to 38,503.69.
This was the stock's second consecutive day of losses.
Spirit Airlines Inc. closed $15.90 short of its 52-week high ($19.69), which the company achieved on July 12th.
The stock underperformed when compared to some of its competitors Tuesday, as Delta Air Lines Inc. $(DAL)$ rose 0.43% to $49.23, Alaska Air Group Inc. $(ALK)$ fell 0.99% to $45.08, and Southwest Airlines Co. $(LUV)$ fell 0.91% to $29.46.
Trading volume (7.0 M) eclipsed its 50-day average volume of 6.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled April 23, 2024.
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(END) Dow Jones Newswires
April 23, 2024 17:34 ET (21:34 GMT)
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