Shares of Spirit Airlines Inc. /zigman2/quotes/205782179/composite SAVE -0.62% rose 6.79% to $27.53 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index /zigman2/quotes/210598365/realtime COMP +0.51% rising 2.08% to 14,490.37 and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.29% rising 0.86% to 35,768.06. This was the stock's fourth consecutive day of gains. Spirit Airlines Inc. closed $13.24 below its 52-week high ($40.77), which the company reached on March 18th.
The stock outperformed some of its competitors Wednesday, as Southwest Airlines Co. /zigman2/quotes/201071949/composite LUV +0.27% rose 2.06% to $47.02, Delta Air Lines Inc. /zigman2/quotes/200327741/composite DAL +0.83% rose 2.98% to $43.88, and Ryanair Holdings PLC ADR /zigman2/quotes/204098489/composite RYAAY +1.86% rose 1.08% to $122.00. Trading volume (11.4 M) eclipsed its 50-day average volume of 6.2 M.