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Spirit Airlines (SAVE) in Focus: Stock Moves 6.9% Higher

Spirit Airlines, Inc.SAVE was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $33.41 to $36.06 in the past one-month time frame.

The move came after the company reported solid third-quarter 2017 results.

The company has seen seven negative estimate revisions in the past few months, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few months, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Spirit Airlines currently has a Zacks Rank #5 (Strong Sell) while its Earnings ESP is negative.

A better-ranked stock in the Transportation sector is International Consolidated Airlines Group SA ICAGY, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is SAVE going up? Or down? Predict to see what others think: Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

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Spirit Airlines, Inc. (SAVE): Free Stock Analysis Report
 
International Consolidated Airlines Group SA (ICAGY): Free Stock Analysis Report
 
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