|Day Low/High||37.67 / 38.38|
|52 Wk Low/High||34.53 / 65.35|
Investors in Spirit Airlines Inc saw new options begin trading this week, for the June 2018 expiration. One of the key inputs that goes into the price an option buyer is willing to pay, is the time value, so with 233 days until expiration the newly trading contracts represent a potential opportunity for sellers of puts or calls to achieve a higher premium than would be available for the contracts with a closer expiration.
The airline industry awaits what it hopes will be more normal earnings call this week after some starting news from United.
Delta shares rose modestly after the carrier issued strong fourth-quarter guidance. Now the market wonders what other carriers will have to say.
The most recent short interest data has been released for the 09/29/2017 settlement date, which shows a 822,736 share increase in total short interest for Spirit Airlines Inc , to 6,665,084, an increase of 14.08% since 09/15/2017. Total short interest is just one way to look at short data; another metric that we here at Dividend Channel find particularly useful is the "days to cover" metric because it considers both the total shares short and the average daily volume of shares traded.
Delta Air Lines will report earnings Wednesday and host reporters next week. The carrier led an airline share price revival last week and is battling Boeing after daring to order Bombardier jets.
Chicago O'Hare, a hub for two of the big three airlines, provides the most connections of any U.S. airport. Atlanta, Delta's hub and a Southwest focus city, is next.
Jim Cramer is bullish on Southwest, Delta, General Electric, and Portola Pharmaceuticals.
From Apple's orders and funds liquidating winners to the slow-growing cloud narrative, Jim Cramer explains why he thinks this is selloff is really an opportunity.
American shares are up 1% this year. Here's why that's pretty good for an airline.
Shares of United have fallen 25% in two months and the airline's fare war with Spirit is blamed for undercutting industry pricing.
A leading airline analyst downgrades American, Spirit and United and sharply cuts fourth-quarter earnings estimates.
Southwest Airlines has more than 22% upside from current levels, despite bouncing nicely from the $50 level. However, JPMorgan analyst Jamie Baker downgraded three other airline stocks in the process.
Airline shares have been slumping since July, but American and Delta say they see signs of hope for the fourth quarter.
Led by a 41% YTD decline at Spirit, Airline shares are down 17% since July 7, due mainly to fare discounting. On Wednesday, executives including United's finance chief will try to explain what's happening.
At Houston, United Airlines operates its second-biggest hub -- and one of its most profitable. One analyst estimates $265 million in lost revenue from Hurricane Harvey.
Spirit Adds Six New Routes Including Four To New Orleans
Barclays contends that the low-cost carrier's stock is still 'cheap.'
American, Spirit and JetBlue have the most interesting charts in a turbulent sector.
EFII, QRVO, ISCA, IT and SAVE all recently were downgraded by TheStreet's Quant Ratings.
TheStreet Quant Ratings provides fair and objective information to help you make educated investing decisions. We rate over 4,200 stocks daily and provide 5-page PDF reports for each stock. These ratings can change daily and today's changes are reflected in the email below. If you are looking to check-up on the stocks you currently own or are looking for new ideas, you can find our full database of password-protected ratings reports in our proprietary ratings screener: http://www.thestreet.com/k/qr/flat/stock-screener.html Upgrades: AAV, ARCC, BID, CFG, ENSG, EXEL, GCAP, HAE, HMLP, LGND, MOMO, MTW, PBR, RYI Downgrades: AEUA, ATSG, ATW, LMNX, MOH, MSB, NBEV, PAGP, SAVE, TIS Initiations: MCRB, TWLO Read on to get TheStreet Quant Ratings' detailed report:
Attention Amazon fans.
Only American, Spirit and Southwest have big upside potential.
Rallies led by the financials and backed by the transports are rallies that have genuine staying power.
Spirit Airlines says it was hit by a pilot work slowdown and now faces competitive discounting, particularly at United hubs.
The experience of flying is increasingly a nickel-and-dime one.
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