SAVE stock tanked Tuesday after a federal judge blocked JetBlue's $3.8 billion acquisition of Spirit Airlines. The post Spirit Airlines Stock Descends 50%…
A federal judge is siding with the Biden administration and blocking JetBlue Airways from buying Spirit Airlines, saying the $3.8 billion deal would reduce competition. The Justice Department sued to block the merger, saying it would drive up fares by eliminating Spirit, the nation’s biggest low-cost airline. JetBlue said it disagreed with the ruling and was considering whether to appeal., Markets News, Times Now
Shares of Spirit Airlines, Inc. (NYSE:SAVE – Get Free Report) traded up 5.9% on Monday . The stock traded as high as $13.80 and last traded at $13.78. 3,103,546 shares changed hands during mid-day trading, an increase of 49% from the average session volume of 2,083,743 shares. The stock had previously closed at $13.01. Wall […]
Spirit Airlines Stock: A Hold Amid JetBlue Merger Talks (NASDAQ:JBLU) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Spirit Airlines (NYSE:SAVE – Free Report) had its price objective decreased by Citigroup from $16.90 to $16.50 in a research report sent to investors on Monday morning, MarketBeat reports. Citigroup currently has a neutral rating on the stock. Several other research firms have also recently weighed in on SAVE. Evercore ISI decreased their target price […]