Shares of Spirit Airlines Inc. (NYS:SAVE) 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 (NASDAQ:COMP) rising 2.08% to 14,490.37 and the Dow Jones Industrial Average (DOW:DJIA) 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. (NYS:LUV) rose 2.06% to $47.02, Delta Air Lines Inc. (NYS:DAL) rose 2.98% to $43.88, and Ryanair Holdings PLC ADR (NAS:RYAAY) rose 1.08% to $122.00. Trading volume (11.4 M) eclipsed its 50-day average volume of 6.2 M.