Spirit Airlines Inc. stock outperforms market on strong trading day

Spirit Airlines Inc. stock outperforms market on strong trading day

Shares of Spirit Airlines Inc. SAVE, +0.50% inched 0.50% higher to $26.02 Friday, on what proved to be an all-around grim trading session for the stock market, with the NASDAQ Composite Index COMP, -0.51% falling 0.51% to 14,579.54 and Dow Jones Industrial Average DJIA, -0.03% falling 0.03% to 34,746.25. The stock’s rise snapped a two-day losing streak. Spirit Airlines Inc. closed $14.75 short of its 52-week high ($40.77), which the company achieved on March 18th.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Southwest Airlines Co. LUV, -0.22% fell 0.22% to $53.92, Delta Air Lines Inc. DAL, -0.69% fell 0.69% to $43.38, and Ryanair Holdings PLC ADR RYAAY, +0.64% rose 0.64% to $115.80. Trading volume (2.5 M) remained 1.7 million below its 50-day average volume of 4.1 M.

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