Spirit Airlines Target of Unusually High Options Trading (NASDAQ:SAVE)
Spirit Airlines Incorporated (NASDAQ:SAVE) saw unusually large options trading on Monday. Stock investors purchased 5,317 put options on the company. This represents an increase of 1,229% compared to the average daily volume of 400 put options.
A number of brokerages have recently issued reports on SAVE. Citigroup started coverage on Spirit Airlines in a research report on Thursday, October 31st. They set a “buy” rating and a $46.00 price objective for the company. Bank of America downgraded Spirit Airlines to a “sell” rating and set a $39.00 target price for the company. in a report on Monday, September 23rd. Vertical Research upgraded Spirit Airlines from a “hold” rating to a “buy” rating in a report on Thursday, January 9th. Buckingham Research upgraded Spirit Airlines from a “neutra ...