에 대한 최신 뉴스  (NYSE:SAVE) 주식

Spirit Airlines

AAUKF

APTV

ATSG

streetTRACKS Dow Jones U.S. Large Cap Value Index Fund

FFIV

KRON

MEIP

NISTF

PARA

PARIS:SGO

ROIC

SAVE

SHEL

SLGWF

SLNG

TRIP

TSX:SGO

ULCC

새로 등장한 블록 에볼런트 헬스(NYSE:EVH)가 매물로 나온 것으로 알려졌다. 버지니아 주 알링턴에 본사를 둔 이 소프트웨어 회사는 인수 문의를 받은 후 경매 프로세스를 시작했다. 잠재적인 구혼자 중에는 TPG(NASDAQ:TPG), 클레이톤, 듀블리에 &amp; 라이스(Clayton, Dubilier &amp; Rice), KKR &amp; 컴퍼니(NYSE:KKR)가 있다. 로이터는 건강 보험사 엘레반스 헬스(NYSE:ELV)가 한 사모 펀드 파트너와 협력하여 거래를 추진할 수 있다고 보고했다.

딜 디스패치: 쉘, 유니레버 외에도 매각 뉴스; 어니언이 알렉스 존스의 인포워스 인수 등

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벤징가는 지난주 많은 투자자들이 선호하는 주식들의 전망을 조사한 결과를 바탕으로, 다음과  같이 주요 뉴스 몇 가지를 요약했다. 주요 지수들이 트럼프의 당선 이후 상승세를 이어가고 있었으나, 지난주에는 상승세가 둔화되었다. S&amp;P 500은 2.1%, 나스닥은 3.2%, 다우는 1.2% 하락했다.

벤징가 불스 앤 베어스: 테슬라, 디즈니, 스피릿 항공, 플러그 파워, 금 그리고 비트코인

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스피릿 항공(NYSE:SAVE)의 주식은 수요일 약 60% 급락했다. 투자자들은 이 회사가 실적 보고서를 제출하지 못했으며, 채권자들과 구조조정 계획을 세우기 위한 협상을 진행 중이라고 발표한 것에 대해 우려하고 있다.

오늘의 주식: 어려움을 겪고 있는 스피릿 항공의 주식이 회복될 수 있을까?

SPIRIT AIRLINES INC by Spirit Airlines, Inc.

Spirit Airlines Inc

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Industry experts are divided about the potential impact on airfare prices after Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) filed for bankruptcy.
What Happened: Analysts are weighing on Spirit&#8217;s market share to determine how the airfares will go up in the face of bankruptcy, ABC News<a href="https://abcnews.go.com/Business/spirit-airlines-bankruptcy-airfares-experts-weigh/story?id=116004672"> reported</a> on Wednesday. 
Some analysts argue that the airline&#8217;s relatively small market share means its bankruptcy will have little effect on overall prices. They suggest that other low-cost carriers could step in to fill any void left by Spirit, thereby maintaining competitive pricing.
"Spirit isn't big enough to cause airfares to go up," said Mike Boyd, president of aviation consulting firm Boyd Group International.
Meanwhile, other analysts caution that reduced competition could lead to increased prices on certain routes. Henry Harteveldt&nbsp;from Atmosphere Research Group described the situation as complex, with numerous variables influencing potential pricing outcomes.
&#8220;This is not a black and white situation," he said. "It's very much a thousand shades of gray when it comes to the potential impact of Spirit's bankruptcy on pricing."
See Also:&nbsp;<a href="https://www.benzinga.com/24/11/42029943/dow-tumbles-over-300-points-following-economic-reports-investor-sentiment-declines-fear-greed-index-moves-to-neutral-zone?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Dow Tumbles Over 300 Points Following Economic Reports, Nvidia, Microsoft Decline: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a>
As Spirit Airlines navigates bankruptcy, the company has not announced&nbsp;any changes to routes or&nbsp;flight schedules and intends to continue normal operations throughout the bankruptcy process.
Why It Matters: The bankruptcy filing is part of a broader restructuring effort by Spirit Airlines, which includes a&nbsp;<a href="https://www.benzinga.com/24/11/42032477/spirit-airlines-eyes-financial-stability-with-chapter-11-filing-and-equity-injection">$350 million backstopped equity investment</a>&nbsp;from existing bondholders. This move is aimed at reducing debt, enhancing financial flexibility, and supporting long-term success. Additionally, Spirit plans to equitize $795 million in funded debt as part of its restructuring strategy.
These financial maneuvers are designed to stabilize the airline and potentially improve guest travel experiences and value. 
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Disclaimer: This content was partially produced with the help of&nbsp;<a href="https://www.benzinga.com/author/benzinga-neuro" target="_blank" rel="noreferrer noopener">Benzinga Neuro</a>&nbsp;and was reviewed and published by Benzinga editors.
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General

As Spirit Airlines Files For Bankruptcy Experts Weigh Potential Impact On Flight Prices: 'This Is Not A Black And White Situation'

-The New York Stock Exchange ("NYSE", the "Exchange") announced today that the staff of NYSE Regulation has determined to commence proceedings to delist the common stock of Spirit Airlines, Inc. (the "Company") — ticker symbol SAVE — from the NYSE. Trading in the Company's common stock will be suspended immediately.
NYSE Regulation reached its decision that the Company is no longer suitable for listing pursuant to NYSE Listed Company Manual Section 802.01D after the Company's November 18, 2024 press release and Form 8-K disclosures that the Company has commenced a prearranged chapter 11 process in the United States Bankruptcy Court for the Southern District of New York. In reaching its delisting determination, NYSE Regulation notes the Company disclosed that all of the Company's existing common stock and other equity interests will be cancelled without any distributions to the holders of such common stock and other equity interests on account thereof.
The Company has a right to a review of this determination by a Committee of the Board of Directors of the Exchange. The NYSE will apply to the Securities and Exchange Commission to delist the common stock upon completion of all applicable procedures, including any appeal by the Company of the NYSE Regulation staff's decision.

NYSE To Commence Delisting Proceedings Against Spirit Airlines, Effective Immediately

WIIM

Spirit Airlines shares are trading lower after the company announced that it entered into a restructuring support agreement and commenced a prearranged chapter 11 process.

Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares are trading higher premarket on Monday. The company disclosed a restructuring support agreement (RSA) with a supermajority of its loyalty and convertible bondholders to implement a <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/n42030743/spirit-airlines-announces-comprehensive-agreement-to-deleverage-balance-sheet-and-position-the-com" rel="noreferrer noopener">comprehensive balance sheet restructuring</a>.
The plan aims to reduce debt, enhance financial flexibility, support long-term success, and accelerate investments to improve guest travel experiences and value.
The company&#8217;s key measures include a $350 million backstopped equity investment from existing bondholders and the equitization of $795 million in funded debt.
Additionally, bondholders are providing $300 million in DIP financing, complemented by Spirit&#8217;s cash reserves and operational cash flow, to support the restructuring process.
Spirit has filed a Plan of Reorganization as part of its Chapter 11 process, incorporating the terms of the RSA and awaiting Court approval.
With support from a supermajority of loyalty and convertible bondholders, the company expects to emerge from Chapter 11 in the&nbsp;first quarter of 2025.
First-day motions are also being filed to ensure normal business operations during the process.
As a result of the filing, Spirit anticipates being delisted from the NYSE soon, with its common stock continuing to trade over-the-counter. The shares are expected to be canceled and hold no value as part of the restructuring.
Ted Christie, Spirit&#8217;s President and Chief Executive Officer, said, &#8220;This set of transactions will materially strengthen our balance sheet and position Spirit for the future while we continue executing on our strategic initiatives to transform our Guest experience, providing new enhanced travel options, greater value and increased flexibility.&#8221;&nbsp;
Last week, Spirit filed the form, signaling it cannot submit its 2024 third-quarter earnings on time, as the company has diverted resources from reviewing and completing financial statements to<a target="_blank" href="https://www.benzinga.com/trading-ideas/movers/24/11/41946520/whats-going-on-with-spirit-airlines-stock-wednesday-2" rel="noreferrer noopener"> ongoing debt restructuring discussions</a>.
This came after Spirit&#8217;s merger conversations with Fronter Group Holdings Inc. and and its takeover by&nbsp;<a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud" rel="noreferrer noopener">JetBlue Airways</a><a target="_blank" href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud" rel="noreferrer noopener"> fell through</a>.
Price Action: SAVE shares are up 3.70% at $1.12 premarket at the last check Monday.
Photo: Courtesy of Smart Calendar via Shutterstock
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</ul>

Small Cap

Spirit Airlines Eyes Restructuring With Chapter 11 Filing And Equity Injection

Spirit Airlines, Inc. ("Spirit" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) today announced that it has entered into a restructuring support agreement (the "RSA") supported by a supermajority of Spirit's loyalty and convertible bondholders on the terms of a comprehensive balance sheet restructuring. The restructuring is expected to reduce Spirit's debt, provide increased financial flexibility, position Spirit for long-term success and accelerate investments providing Guests with enhanced travel experiences and greater value. &nbsp;
In connection with the RSA, Spirit has received backstopped commitments for a $350 million equity investment from existing bondholders and will complete a deleveraging transaction to equitize $795 million of funded debt. To implement the RSA, the Company has commenced a prearranged chapter 11 process in the United States Bankruptcy Court for the Southern District of New York (the "Court"). Existing bondholders are also providing $300 million in debtor-in-possession ("DIP") financing, which, together with Spirit's available cash reserves and cash provided by operations, is expected to further support the Company through the chapter 11 process.&nbsp;
Spirit expects to continue operating its business in the normal course throughout this prearranged, streamlined chapter 11 process. Guests can continue to book and fly without interruption and can use all tickets, credits and loyalty points as normal. The chapter 11 process itself will not impact Team Member wages or benefits, which are continuing to be paid and honored for those employed by Spirit. Vendors, aircraft lessors and holders of secured aircraft indebtedness will continue to be paid in the ordinary course and will not be impaired.
"I am pleased we have reached an agreement with a supermajority of both our loyalty and convertible bondholders on a comprehensive recapitalization of the Company, which is a strong vote of confidence in Spirit and our long-term plan," said Ted Christie, Spirit's President and Chief Executive Officer. "This set of transactions will materially strengthen our balance sheet and position Spirit for the future while we continue executing on our strategic initiatives to transform our Guest experience, providing new enhanced travel options, greater value and increased flexibility. I'm extremely proud of the Spirit team's hard work and dedication, which is key to our sustained progress in advancing our business and delivering for our Guests."  &nbsp;
As part of the chapter 11 process, Spirit is filing a proposed Plan of Reorganization (the "Plan") that incorporates the agreed terms of the RSA and is subject to confirmation by the Court. The Company has received support from a supermajority of its loyalty and convertible bondholders and expects to emerge from a streamlined chapter 11 process in the first quarter of 2025.&nbsp;
In conjunction with the petition, Spirit has filed a series of first-day motions, which, once approved by the Court, will further facilitate the Company operating its business in the ordinary course during the streamlined chapter 11 process.  &nbsp;
As a result of the chapter 11 filing, Spirit expects to be delisted from the New York Stock Exchange in the near term. The Company expects that its common stock will continue to trade in the over-the-counter marketplace through the chapter 11 process. The shares are expected to be cancelled and have no value as part of Spirit's restructuring.&nbsp;

Spirit Airlines Enters Bankruptcy Restructuring: Plans to Cut Debt, Secure $350M Investment

<h3 class="wp-block-heading">New On The Block</h3>
Evolent Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EVH#NYSE">EVH</a>) is <a href="https://www.benzinga.com/m-a/24/08/40529349/evolent-health-explores-sale-garners-inbound-interest-from-private-equity-firms">reportedly up for sale</a>. The Arlington, Virginia-based software provide initiated an auction process after receiving takeover inquiries. Among the potential suitors are TPG Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TPG#NASDAQ">TPG</a>), Clayton, Dubilier &amp; Rice, and KKR &amp; Co. Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KKR#NYSE">KKR</a>). Reuters reported that health insurer Elevance Health Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ELV#NYSE">ELV</a>) may join forces with a private equity partner to pursue a deal.
Kronos Bio Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KRON#NASDAQ">KRON</a>), a company focused on developing therapies for cancer, is exploring &#8220;strategic alternatives,&#8221; including an acquisition or merger.The San Mateo, Califonia-based company reported $124.9 million in cash reserves as of Sept. 30. 
Saint-Gobain (PARIS:<a class="ticker" href="https://www.benzinga.com/stock/SGO#PARIS">SGO</a>) is considering a sale of its auto glass unit, which could fetch up to 2.5 billion euro ($2.6 billion), per <a href="https://www.bloomberg.com/news/articles/2024-11-13/st-gobain-is-said-to-weigh-2-5-billion-sale-of-auto-glass-unit">Bloomberg</a>. The company is reportedly considering this strategic move as part of its broader business evaluation. This sale aligns with Saint-Gobain&#8217;s efforts to streamline its operations and focus on core business areas.
Shell (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHEL#NYSE">SHEL</a>) is seeking to <a href="https://www.bloomberg.com/news/articles/2024-11-13/shell-aims-to-sell-majority-stake-in-carbon-offsets-business?srnd=phx-deals">jettison</a> a majority of its carbon offsets portfolio. The company first launched the portfolio of offsets, which covers dozens of projects, <a href="https://www.bloomberg.com/news/features/2023-08-31/shell-silently-abandoned-its-100-million-a-year-plan-to-offset-co2-emissions" target="_blank" rel="noreferrer noopener">in 2018</a>. 
Unilever (LSE: ULVR) is exploring the sale of some Dutch food brands, including Unox soups and Conimex seasonings. According to Reuters, the company will instead focus on its biggest &#8220;power&#8221; labels.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/11/42024210/benzinga-bulls-and-bears-tesla-disney-gold-and-hedge-funds-project-bitcoin-to-hit-100k-150k">Benzinga Bulls And Bears: Tesla, Disney, Gold — And Hedge Funds Project Bitcoin To Hit $100K-$150K</a>
<h3 class="wp-block-heading">Bankruptcy Block</h3>
Alex Jones&#8217;s media company, Infowars, is now the property of satirical publication The Onion. The publication&#8217;s backers were none other than the families <a href="https://www.benzinga.com/media/24/11/41982446/jokes-on-jones-onion-backed-by-families-of-sandy-hook-victims-buys-info-wars">of Sandy Hook victims</a>. Observers praised the deal as poetic justice, considering Jones owes over $1 billion in defamation judgments against those families. Jones, who <a href="https://www.benzinga.com/news/23/12/36168941/elon-musks-controversial-move-alex-jones-returns-to-x-after-user-vote">has garnered sympathy from</a> right-wing personalities like Elon Musk and Tucker Carlson, confirmed the acquisition in a visibly distressed social media video, blaming &#8220;Democrats.&#8221;
Diamond Sports Group&#8216;s restructuring will include reducing its debt from nearly $9 billion to $200 million, <a href="https://www.espn.com/mlb/story/_/id/42388454/diamond-sports-group-emerges-bankruptcy">ESPN</a> reports. The restructuring plan received what Diamond categorized as &#8220;nearly unanimous support&#8221; from debt holders. Diamond, currently possessing $100 million in liquidity, will emerge from bankruptcy and operate as a stand-alone entity. Sinclair, the parent company, took on $8 billion in debt to buy regional channels from Fox for $10.6 billion in 2019. That debt contributed to Diamond&#8217;s bankruptcy.
<h3 class="wp-block-heading">Updates From The Block</h3>
Currently, there are no concrete indications that Humana Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) is actively pursuing a sale. Recent speculation regarding Humana being acquired by Cigna Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CI#NYSE">CI</a>) was definitively addressed, with Cigna explicitly stating that it is <a href="https://www.benzinga.com/general/health-care/24/11/41877573/cigna-not-pursuing-humana-merger-stock-soars">not pursuing a merger</a> with Humana at this time. This clarification came after rumors reignited post-election, driven by the potential for more lenient antitrust reviews under the new <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41979935/golden-years-for-ma-deals-ahead-under-trump-analysts-highlight-top-10-large-cap-candidates">Republican administration and Congress</a>.
Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) is no longer in deal talks with Frontier Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>). It&#8217;s now in advanced discussions with bondholders to finalize a bankruptcy plan. The carrier continues to struggle with mounting losses and looming debt maturities. A bankruptcy filing is expected to happen within weeks, according to <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">the Wall Street Journal</a>.
MEI Pharma, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MEIP#NASDAQ">MEIP</a>) continues to explore M&amp;A opportunities, hiring Oppenheimer &amp; Co., Inc. as an exclusive financial advisor to assist the process. During the first quarter of fiscal year 2025, the company commenced cash preservation efforts that include a reduction-in-force, which will continue in stages as the Company's operational and strategic direction evolves.
<h3 class="wp-block-heading">Notes From The Block</h3>
Wall Street anticipates a surge in M&amp;A as Republicans take control of Congress and deregulate. Analysts expect Federal Trade Commission Chair Lina Khan's removal, which could ease antitrust scrutiny. Bank of America highlights that Republican administrations, like President-elect Donald Trump&#8216;s, historically foster over 50% more financial sector M&amp;A activity compared to Democratic ones. 
Bank of America also predicts that 2025 could mark a better year for M&amp;A as rate cuts take effect and economic conditions stabilize. Here&#8217;s a list of five potential targets the bank compiled. For the <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41979935/golden-years-for-ma-deals-ahead-under-trump-analysts-highlight-top-10-large-cap-candidates">full list, click here</a>.
<figure class="wp-block-table"> 
<table>
<thead>
<tr>
<th>Company</th>
<th>Sector</th>
<th>Market Cap ($M)</th>
<th>Free Cash Flows-to-Enterprise Value (%)</th>
<th>Long-Term Growth Expectations (%)</th>
</tr>
</thead>
<tbody>
<tr>
<td>Universal Health Services Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UHS#NYSE">UHS</a>)</td>
<td>Health Care</td>
<td>13,932</td>
<td>4.4</td>
<td>25.3</td>
</tr>
<tr>
<td>Ralph LaurenCorp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RL#NYSE">RL</a>)</td>
<td>Consumer Disc.</td>
<td>12,473</td>
<td>5.99</td>
<td>10.5</td>
</tr>
<tr>
<td>Paramount Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PARA#NYSE">PARA</a>)</td>
<td>Comm. Services</td>
<td>7,250</td>
<td>3.4</td>
<td>46.4</td>
</tr>
<tr>
<td>Jabil Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBL#NYSE">JBL</a>)</td>
<td>Technology</td>
<td>14,480</td>
<td>6.39</td>
<td>12.7</td>
</tr>
<tr>
<td>Hasbro Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAS#NASDAQ">HAS</a>)</td>
<td>Consumer Disc.</td>
<td>9,215</td>
<td>3.6</td>
<td>27.5</td>
</tr>
</tbody>
</table>
</figure>
For last week&#8217;s Deal Dispatch, <a href="https://www.benzinga.com/news/asset-sales/24/11/41866114/deal-dispatch-prison-companies-in-focus-post-election-tripadvisor-boasts-11b-in-cash">click here</a>.
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Deal Dispatch: Shell, Unilever And More Are On The Sell Side; The Onion Makes Alex Jones Cry Foul

Benzinga examined the prospects for<a href="http://www.benzinga.com/trading-ideas"> many investors&#8217; favorite stocks</a> over the last week — here&#8217;s a look at some of our top stories.
The major indexes, which had been climbing following Trump&#8217;s election victory, lost momentum this week, with the S&amp;P 500 down 2.1%, the Nasdaq dropping 3.2%, and the Dow shedding 1.2%. 
October consumer inflation matched expectations, but producer inflation exceeded forecasts, sparking concerns about the sustainability of disinflation as the year closes. 
Investor sentiment weakened further after Federal Reserve Chair Jerome Powell made unexpectedly hawkish comments, emphasizing the Fed&#8217;s cautious approach and lack of urgency to reduce interest rates. As a result, market expectations for a December rate cut have significantly decreased, leaving traders uncertain <a href="https://www.benzinga.com/etfs/24/11/42018463/trumps-post-election-rally-fades-dollar-surges-to-over-1-year-highs-powell-puts-december-interest-rate-cut-into-question-this-week-in-the-market">about the Fed's next steps.</a>
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this past week&#8217;s most bullish and bearish posts that are worth another look.
<h3 class="wp-block-heading">The Bulls</h3>
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41988194/trump-plans-to-erase-ev-tax-credit-analyst-says-its-net-bullish-calls-sell-off-wrong-knee-jerk-reaction">Trump Plans To Erase EV Tax Credit: Tesla Analyst Says It&#8217;s &#8216;Net Bullish,&#8217; Calls Sell-Off &#8216;Wrong Knee-Jerk Reaction&#8217;</a>,&#8221; by <a href="https://www.benzinga.com/author/adam-eckert">Adam Eckert</a>, discusses Donald Trump&#8217;s plan to end the $7,500 EV tax credit, which initially caused a sell-off in Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares. However, Wedbush analyst Dan Ives sees it as a &#8220;net bullish&#8221; move for Tesla long-term, with minimal impact due to the company's strong market position.
&#8220;<a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41897397/bitcoin-to-peak-between-100k-150k-solana-to-top-600-this-cycle-say-hedge-funds-vcs">Bitcoin To Peak Between $100K-150K, Solana To Top $600 This Cycle, Say Hedge Funds, VCs</a>,&#8221; by <a href="https://www.benzinga.com/author/aniket-verma">Aniket Verma</a> reveals predictions from venture capital and hedge fund managers that Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) could peak at $150,000 and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>) at $600 this bull cycle, reflecting tempered optimism amid recent market volatility.
&#8220;<a href="https://www.benzinga.com/general/sports/24/11/42015289/disney-q4-report-had-a-lot-to-like-analyst-calls-it-a-high-quality-profit-growth-performer">Disney Q4 Earnings Show &#8216;A Lot To Like&#8217;: Analyst Calls It &#8216;High-Quality&#8217; Profit Growth Performer</a>,&#8221; by <a href="https://www.benzinga.com/author/chris-katje">Chris Katje</a>, highlights The Walt Disney Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIS#NYSE">DIS</a>) exceeding Q4 direct-to-consumer profit estimates and unveiling multi-year guidance, prompting analysts like Guggenheim&#8217;s Michael Morris to raise price targets, citing double-digit EPS growth expected by 2026.
For additional bullish calls of the past week, check out the following:
<a href="https://www.benzinga.com/analyst-ratings/price-target/24/11/41884655/bank-of-america-predicts-positive-stock-re-rating-for-wells-fargo-after-asset-cap-removal">Bank Of America Predicts Positive Stock Re-Rating For Wells Fargo After Asset Cap Removal</a>
<a href="https://www.benzinga.com/24/11/41890600/anthony-scaramucci-optimistic-of-a-us-strategic-bitcoin-reserve-trumps-victory-accelerated-the-cycle">Anthony Scaramucci Optimistic On US Strategic Bitcoin Reserve: &#8216;Trump&#8217;s Victory Accelerated The Cycle&#8217;</a>
<a href="https://www.benzinga.com/news/earnings/24/11/41991912/sam-altman-backed-oklo-reports-q3-earnings-momentum-is-building-every-week">Sam Altman-Backed Oklo Reports Q3 Earnings: &#8216;Momentum Is Building Every Week&#8217;</a>
The Bears
&#8220;<a href="https://www.benzinga.com/24/11/41932146/spirit-airlines-shares-plunge-nearly-63-after-hours-as-it-delays-q3-results-mulls-equity-cancellation">Spirit Airlines Nears Bankruptcy, Creditors May Approve Equity &#8216;Cancellation:&#8217; Here&#8217;s What It Means For Investors As Shares Fall With A Thud</a>,&#8221; by <a href="https://www.benzinga.com/author/rishabhmishra-benzinga-com">Rishabh Mishra</a>, details Spirit Airlines Inc.&#8216;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) 63% share plunge after delaying Q3 earnings and entering restructuring talks, potentially canceling existing equity. 
&#8220;<a href="https://www.benzinga.com/etfs/specialty-etfs/24/11/41888750/gold-etf-hit-with-1-billion-outflow-investors-dump-safe-haven-asset-after-trump-win">Gold ETF Hit With $1 Billion Outflow: Investors Dump Safe Haven Asset After Trump Win</a>,&#8221; by <a href="https://www.benzinga.com/author/piero-cingari">Piero Cingari</a>, highlights a $1 billion outflow from SPDR Gold Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLD#NYSE">GLD</a>) as investors shift from gold, citing expectations of a stronger dollar and economic growth under Donald Trump&#8217;s re-election, while Bitcoin gains popularity as &#8220;digital gold.&#8221;
&#8220;<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41986341/what-is-plug-powers-future-analysts-warn-of-cash-crunch-and-slow-hydrogen-market-growth">What Is Plug Power&#8217;s Future? Analysts Warn Of Cash Crunch And Slow Hydrogen Market Growth</a>,&#8221; by <a href="https://www.benzinga.com/author/lekha-gupta">Lekha Gupta</a>, highlights concerns over Plug Power Inc.&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLUG#NASDAQ">PLUG</a>) high cash burn and weak Q3 results, with analysts forecasting revenue below estimates for 2024 and 2025, despite potential DOE loan support and European hydrogen project backing.
For more bearish takes, be sure to see these posts:
<a href="https://www.benzinga.com/media/24/11/41941228/att-data-breach-exposes-50-billion-records-hackers-identified-ransom-paid">AT&amp;T Data Breach Exposes 50 Billion Records: Hackers Identified, Ransom Paid</a>
<a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/11/41880110/solar-renewables-stocks-crash-after-trump-win-should-you-buy-now-at-cheap-valuations">Solar, Renewables Stocks Crash After Trump Win: Should You Buy Now At Cheap Valuations?</a>
<a href="https://www.benzinga.com/trading-ideas/movers/24/11/41902202/trumps-china-hawks-rumored-for-top-roles-yuan-hits-3-month-low">Chinese Currency Hits 3-Month Low: Trump&#8217;s Anti-China Cabinet Appointments Rattle Investors</a>
Keep up with all the latest breaking news and trading ideas by following<a href="https://twitter.com/Benzinga"> Benzinga</a><a href="http://twitter.com/Benzinga"> on Twitter</a>.
Image created using artificial intelligence via Midjourney.

$SOL

Benzinga Bulls And Bears: Tesla, Disney, Gold — And Hedge Funds Project Bitcoin To Hit $100K-$150K

Barclays analyst Brandon Oglenski maintains Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) with a Underweight and lowers the price target from $3 to $0.5.

Price Target

Analyst Ratings

Barclays Maintains Underweight on Spirit Airlines, Lowers Price Target to $0.5

<h3>Gainers</h3>
<ul>
<li>Microvast Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) shares increased by 163.5% to $0.48 during Wednesday's pre-market session. The company's market cap stands at $150.8 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Nature's Miracle Holding (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) stock moved upwards by 52.15% to $0.13. The market value of their outstanding shares is at $4.1 million. </li>
<li>Rocket Lab USA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) stock moved upwards by 31.3% to $19.25. The market value of their outstanding shares is at $9.5 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Bitcoin Depot (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BTM#NASDAQ">BTM</a>) stock increased by 19.87% to $3.01. The company's market cap stands at $53.6 million. As per the news, the Q3 earnings report came out today. </li>
<li>CleanCore Solutions (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ZONE#AMEX">ZONE</a>) stock increased by 19.0% to $2.21. The company's market cap stands at $17.5 million. As per the news, the Q1 earnings report came out today. </li>
<li>Air T (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRT#NASDAQ">AIRT</a>) stock increased by 18.57% to $18.0. The market value of their outstanding shares is at $49.6 million. As per the news, the Q2 earnings report came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares declined by 64.3% to $1.15 during Wednesday's pre-market session. The market value of their outstanding shares is at $125.9 million. </li>
<li>Gaucho Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VINO#NASDAQ">VINO</a>) shares declined by 52.81% to $2.1. The company's market cap stands at $1.8 million. </li>
<li>Sidus Space (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) stock decreased by 44.89% to $1.24. The company's market cap stands at $5.1 million. </li>
<li>Southland Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/SLND#AMEX">SLND</a>) shares declined by 43.0% to $1.83. The market value of their outstanding shares is at $88.0 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Clean Energy Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CETY#NASDAQ">CETY</a>) shares declined by 19.55% to $0.7. The company's market cap stands at $31.2 million. </li>
<li>Alta Equipment Group (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTG#NYSE">ALTG</a>) stock declined by 18.53% to $6.51. The company's market cap stands at $215.4 million. The company's, Q3 earnings came out yesterday. 
See Also: <a href="http://www.benzinga.com/money/best-industrials-stocks/" title="www.benzinga.com/money/best-industrials-stocks/">www.benzinga.com/money/best-industrials-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

AIRT

ALTG

CETY

MVST

NMHI

RKLB

SIDU

SLND

VINO

ZONE

12 Industrials Stocks Moving In Wednesday's Pre-Market Session

Spirit Airlines, Inc.&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares are trading lower Wednesday. Investors are concerned. The company failed to file its earnings report and said it is in<a href="https://www.benzinga.com/trading-ideas/movers/24/11/41946520/whats-going-on-with-spirit-airlines-stock-wednesday-2"> talks with its creditors to develop a restructuring plan.</a>
Despite this, there is a chance the stock may be about to head higher. This is why it is our Stock of the Day.
What Happened: In the second quarter, the company lost $1.76 per share. In the first quarter, it reported a loss of $1.36 per share. This information can be found on <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Some traders sense opportunities to profit. A short squeeze may be about to force the stock higher.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="522" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13130754/1-11-1024x522.png" alt="" class="wp-image-646064" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13130754/1-11-1024x522.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13130754/1-11-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13130754/1-11-768x391.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13130754/1-11-1536x783.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13130754/1-11.png 1586w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
Read Also: <a href="https://www.benzinga.com/news/global/24/11/41927289/trump-appoints-elon-musk-and-vivek-ramaswamy-to-lead-doge-targeting-bureaucracy-and-65-trillion-federal-spending-we-will-not-go-gently">Trump Appoints Elon Musk And Vivek Ramaswamy To Lead &#8216;DOGE,&#8217; Aiming to Slash Bureaucracy And $6.5 Trillion Federal Spending: &#8216;We Will Not Go Gently&#8217;</a>
Short sellers borrow shares and sell them. The intent is to buy the shares back in the future at a lower price. Then they will return them and keep the difference in price. Short sellers want a stock to go lower.
If the price moves above the level they sold short at, they begin to lose money. Some get nervous and buy the shares back before the losses become excessive. This pushes the price higher.
This makes other short sellers get nervous as well, and they buy their shares back. As a result, the price moves even higher.
A short squeeze can occur in a stock with a large amount of short selling. This is the case with Spirit Airlines. The short interest is 35%. This means that 35% of the outstanding shares have been sold short.
This is an extremely high number. As a comparison, the short interest of Apple is less than 1%.
The dynamic driving a short squeeze is the fact that all of the shares which are short will need to be bought back.
If the stock price continues to move upwards, some people who lent the short sellers shares will call the loan in. The short sellers will be forced to go into the market and buy regardless of the price. This action can create a buying frenzy that results in a dramatic rise in the stock.
Successful traders know markets can act in unexpected ways. Even though the news is bad, a stock may still move higher. This could be the case with Spirit Airlines.
Read Next: <a href="https://www.benzinga.com/economics/macro-economic-events/24/11/41942346/markets-breath-sigh-of-relief-after-in-line-inflation-data-stocks-rebound-as-small-caps-bonds-soar">Markets Breathe Sigh Of Relief After In-Line Inflation Data: Stocks Rebound As Small Caps, Bonds Soar</a>
Photo: Courtesy Spirit Airlines

Stock Of The Day: Could Troubled Spirit Airlines Stock Recover?

TD Cowen analyst Helane Becker maintains Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) with a Sell and lowers the price target from $2 to $1.

TD Cowen Maintains Sell on Spirit Airlines, Lowers Price Target to $1

Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) stock is moving lower on Wednesday after the company filed a Form 12b-25 with the Securities and <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">Exchange Commission (SEC)</a>.
The Details: Spirit filed the form, signaling it cannot submit its 2024 third-quarter earnings on time, as the company has diverted resources from reviewing and completing financial statements to ongoing debt restructuring discussions.
The talks are specifically in regard to about $1 billion worth of senior secured notes due in 2025 and $500 million worth of convertible senior notes due in 2026. Besides the debt restructuring conversations, the airline is exploring alternatives and other ways to improve liquidity.
The company said that its conversations with noteholders have been productive. It also warned that if an agreement is reached it could lead to cancellation of Spirit&#8217;s existing equity.
Although the company cannot file its third-quarter earnings on time, it did provide some financial estimates for the quarter. Specifically, the airline anticipates adjusted operating margin to fall by 12% compared to the same period last year, citing revenue challenges and rising expenses.
Spirit estimates that total operating revenues decreased by $61 million year-over-year, while total adjusted operating expenses increased by approximately $52 million.
This comes after Spirit&#8217;s merger conversations with Fronter Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) fell through.
See Also: <a href="https://www.benzinga.com/trading-ideas/technicals/24/11/41907560/occidental-q3-earnings-can-warren-buffetts-favorite-oil-play-reverse-its-slide">Occidental Petroleum Set To Release Q3 Earnings: Can It Justify Warren Buffett&#8217;s Vote Of Confidence?</a>
SAVE Price Action: At the time of publication, Spirit stock is moving 57.6% lower at $1.36, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: Courtesy of Spirit, Inc.

What's Going On With Spirit Airlines Stock Wednesday?

Spirit Airlines Shares Resumed Trade

Spirit Airlines Shares Halted To The Downside; Stock Now Down -60.87%

U.S. stock futures were lower this morning, with the Dow futures falling around 100 points on Wednesday.
Shares of Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) fell sharply in today's pre-market trading after the company failed to file its earnings for the quarter ended <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">September 2024</a>.
The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could lead to the cancellation of its equity shares.
Spirit Airlines shares dipped 62.4% to $1.21 in the pre-market trading session.
Here are some other stocks moving lower in pre-market trading.
<ul>
<li>i-80 Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#NYSE">IAUX</a>) fell 21.3% to $0.7150 in pre-market trading after posting third-quarter results.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares dipped 21.4% to $8.90 in pre-market trading after reporting third-quarter results.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) fell 13.8% to $11.28 in pre-market trading following third-quarter results.</li>
<li>Progyny, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PGNY#NASDAQ">PGNY</a>) shares dipped 12.8% to $14.97 in pre-market trading following weaker-than-expected quarterly results.</li>
<li>Rocket Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RKT#NYSE">RKT</a>) fell 12.7% to $13.56 in pre-market trading after the company reported worse-than-expected third-quarter revenue results.</li>
<li>Rumble Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUM#NASDAQ">RUM</a>) fell 10.8% to $6.09 in pre-market trading after the company reported worse-than-expected third-quarter financial results.</li>
<li>Golden Entertainment, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GDEN#NASDAQ">GDEN</a>) dropped 10.7% to $30.22 in pre-market trading following downbeat sales.</li>
<li>Johnson Outdoors Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JOUT#NASDAQ">JOUT</a>) fell 10.5% to $31.11 in pre-market trading.</li>
<li>Paysafe Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PSFE#NASDAQ">PSFE</a>) fell 8.1% to $23.42 in pre-market trading following quarterly results.</li>
<li>Maplebear Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CART#NASDAQ">CART</a>) fell 7.1% to $44.90 in pre-market trading following third-quarter results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41929909/dow-sp-decline-ahead-of-key-inflation-data-tesla-trump-media-slides-fear-index-remains-in-greed-zone">Dow, S&amp;P Decline Ahead Of Key Inflation Data, Tesla, Trump Media Slides: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

Pre-Market Outlook

CART

GDEN

GRPN

IAUX

JOUT

PGNY

PSFE

Spirit Airlines, Groupon, ZoomInfo Technologies And Other Big Stocks Moving Lower In Wednesday's Pre-Market Session

Spirit Airlines shares are trading lower after the company filed for Form 12b-25, citing ongoing debt restructuring talks and delays in its Q3 report. Also, the company expects its Q3 operating margin and adjusted operating margin to drop 12%.

U.S. stocks could open on a negative note on Wednesday after the <a href="https://www.benzinga.com/news/earnings/24/11/41892574/dow-settles-above-44000-for-the-first-time-as-tesla-continues-to-surge-after-trump-win-investor-sen">averages scaled record highs last week</a>. Futures of all three major indices were slightly down as investors await the crucial Consumer Price Index (CPI) print scheduled to be released on Wednesday.
Nasdaq, S&amp;P 500, and Dow Jones surged over 4% last week after the GOP sweep and the Federal Reserve delivered a widely expected 25 basis point rate cut.
However, after Dow Jones scaled a record 44,000 to kick off the week on a positive note, the markets have witnessed a slight pullback due to profit booking and caution among investors.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.14%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.13%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.11%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.08%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.11% to $596.25 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.12% to $512.30, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
The S&amp;P 500 and Nasdaq both snapped their five-session winning streak on Tuesday, edging lower as investors took a breather.
Crude oil prices remained under the $70 mark but edged up due to near-term supply tightness.
Treasury yields eased a little as investors await inflation data.
On the economic data front, U.S. consumer inflation expectations for the year ahead eased to 2.9% in October compared to 3% in each of the prior four months.
The RealClearMarkets/TIPP Economic Optimism Index rose 13.4% in November to a reading of 53.2, recording the highest reading in over three years.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, health care, and real estate stocks recording the biggest losses on Tuesday.
However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.09%</td>
<td>19,281.40</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.29%</td>
<td>5,983.99</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.86%</td>
<td>43,910.98</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.77%</td>
<td>2,391.85</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, thinks that the Fed has enough room to cut interest rates further without worrying about a surge in inflation. According to him, the "strong productivity" will help keep inflation capped.
"As long as productivity remains strong (like we think it should) the path is there for the Fed to continue to cut interest rates and not worry about inflation soaring back."
However, analysts at BlackRock Investment Institute <a href="https://www.blackrock.com/us/individual/insights/blackrock-investment-institute/weekly-commentary">expressed</a> caution on inflation.
"We focus on U.S. CPI to see if inflation will keep falling toward the Fed's 2% target. Short-term inflation has been decreasing, with immigration boosting the labor supply and cooling wage growth. However, recent services PCE data remains sticky, indicating that inflation may settle above 2% in the medium term."
Over the longer term, though, an aging population could maintain a persistent upward pressure on inflation, the firm said.
Wells Fargo's lead economist Jay Bryson echoed similar sentiments, saying, "The October CPI report will likely support the notion that the last mile of inflation&#8217;s journey back to target will be the hardest."
WisdomTree and Wharton School economist&nbsp;Jeremy Siegel continued to stress that the equity markets have enough gas in them to continue the ongoing bull run.
"The ‘bull market' sentiment remains intact, though valuations remain a watch point," he said, adding that the expectations of "lighter regulations" from President-elect Donald Trump's administration would benefit equities.
"The bull market in stocks looks set to continue, while bonds face a rougher road," Siegel said but noted that the gains that equity investors have been seeing this year are unlikely to repeat in 2025.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar includes the release of inflation print.
<ul>
<li>The Consumer Price Index (CPI) will be released at 8:30 a.m. ET.</li>
<li>New York Fed President John Williams will speak at 9:30 a.m. ET.</li>
<li>Dallas Fed President Lorie Logan will speak at 9:45 a.m. ET.</li>
<li>The monthly U.S. federal budget will be released at 2 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares surged nearly 13% in premarket trading on Wednesday after the company <a href="https://www.benzinga.com/news/contracts/24/11/41924462/rivian-stock-races-higher-after-the-bell-whats-going-on">announced the launch of its joint venture</a> with the Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), with the deal value rising from $5 billion to $5.8 billion.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares <a href="https://www.benzinga.com/markets/equities/24/11/41933025/tesla-shares-rise-in-pre-market-tuesday-after-cooling-down-in-previous-session-whats-going-on">rose over 2.5% in premarket trading</a> on Wednesday, after CEO Elon Musk was <a href="https://www.benzinga.com/government/regulations/24/11/41931503/trump-forms-doge-with-elon-musk-and-vivek-ramaswamy-at-the-helm-will-it-impact-tesla-ceos-role-at-the-ev-giant-and-spacex">appointed</a> to the Department of Government Efficiency, or DOGE, along with Vivek Ramaswamy.</li>
<li>Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) stock <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">fell over 65% in premarket trading</a> after the company inched closer to bankruptcy and failed to file its September quarter earnings.</li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares continued to surge after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) inched closer to $90,000.</li>
<li>Investors are awaiting earnings results from CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), and Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 0.81% to hover around $68.67 per barrel.
The 10-year Treasury note yield eased slightly to 4.418%.
Most of the major Asian markets ended in the red on Wednesday, but European markets were in the green in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41916359/bitcoin-is-the-decentralized-king-says-anthony-pompliano-whose-100000-price-prediction-is-close-to-coming-true">Bitcoin Is The &#8216;Decentralized King,&#8217; Says Anthony Pompliano, Whose $100,000 Price Prediction Is Close To Coming True</a></li>
</ul>
Photo courtesy: Wikimedia

Earnings

Futures

Economics

Federal Reserve

CSCO

CYBR

HOOD

MSTR

RIVN

VWAGY

S&P 500, Dow Futures Dip As Investors Brace For Key Inflation Data: Expert Says 'Strong Productivity' Will Cap Inflation Despite Fed's Rate Cuts

Shares of Rocket Lab USA, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RKLB#NASDAQ">RKLB</a>) rose sharply in today's pre-market trading after the company reported better-than-expected <a href="https://www.benzinga.com/general/space/24/11/41922070/rocket-lab-q3-earnings-revenue-beat-eps-beat-continued-strong-demand-growth-multi-launch-agreement-air-force-award-and-more">third-quarter financial results</a>.
The company also announced a multi-launch agreement with a confidential commercial satellite constellation operator and was awarded a federal defense contract worth up to $8 million.
Rocket Lab USA shares jumped 28.7% to $18.86 in the pre-market trading session.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Microvast Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MVST#NASDAQ">MVST</a>) gained 79.5% to $0.3244 in pre-market trading after the company reported better-than-expected third-quarter financial results.</li>
<li>Cyclacel Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYCC#NASDAQ">CYCC</a>) gained 62.6% to $0.6682 in pre-market trading after the company reported better-than-expected quarterly financial results.</li>
<li>Nature&#8217;s Miracle Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NMHI#NASDAQ">NMHI</a>) rose 56% to $0.1337 in pre-market trading. Nature&#8217;s Miracle announced the closing of $3.0 million public offering.</li>
<li>Dave Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DAVE#NASDAQ">DAVE</a>) gained 37.3% to $86.21 in pre-market trading after the company reported a profit for the third quarter.</li>
<li>Paymentus Holdings, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAY#NYSE">PAY</a>) climbed 27.8% to $34.02 in pre-market trading following strong earnings and guidance.</li>
<li>Kairos Pharma, Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KAPA#NYSE">KAPA</a>) gained 26.1% to $2.59 in pre-market trading after jumping 51% on Tuesday.</li>
<li>Mullen Automotive, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) gained 20.1% to $3.58 in pre-market trading. Mullen Automotive shares jumped 74% on Tuesday after the company announced its Class 1 EV cargo van is listed for vehicle rental on Turo.</li>
<li>WM Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAPS#NASDAQ">MAPS</a>) rose 19.9% to $0.8585 in pre-market trading after the company reported better-than-expected third-quarter revenue results and issued fourth-quarter revenue guidance above estimates.</li>
<li>Hallador Energy Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HNRG#NASDAQ">HNRG</a>) gained 14.2% to $11.93 in pre-market trading following third-quarter earnings.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>Syros Pharmaceuticals, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SYRS#NASDAQ">SYRS</a>) shares tumbled 81% to $0.5199 in pre-market trading after the company announced its SELECT-MDS-1 Phase 3 trial of tamibarotene did not meet its primary endpoint and has discontinued the study.</li>
<li>Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares fell 62.4% to $1.21 in pre-market trading after the company failed to file its earnings for the quarter ended September 2024. The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could lead to the cancellation of its equity shares.</li>
<li>Sidus Space, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIDU#NASDAQ">SIDU</a>) declined 44.8% to $1.24 in pre-market trading after the company priced its $7 million public offering of 5.6 million common shares at $1.25 each.</li>
<li>1847 Holdings LLC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#NYSE">EFSH</a>) shares fell 43% to $0.6100 in pre-market trading after dipping 46% on Tuesday.</li>
<li>Vroom, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRM#NASDAQ">VRM</a>) fell 32.8% to $5.96 in pre-market trading following third-quarter results.</li>
<li>Nano Labs Ltd  (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NA#NASDAQ">NA</a>) dipped 23.3% to $5.90 in pre-market trading after jumping 134% on Tuesday. The company recently said it will start accepting payments in Bitcoin.</li>
<li>i-80 Gold Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IAUX#NYSE">IAUX</a>) fell 21.3% to $0.7150 in pre-market trading after posting third-quarter results.</li>
<li>Groupon, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRPN#NASDAQ">GRPN</a>) shares dipped 21.4% to $8.90 in pre-market trading after reporting third-quarter results.</li>
<li>Next Technology Holding Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXTT#NASDAQ">NXTT</a>) fell 21.2% to $1.60 in today's pre-market trading after jumping over 76% on Tuesday.</li>
<li>ZoomInfo Technologies Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZI#NASDAQ">ZI</a>) fell 13.8% to $11.28 in pre-market trading following third-quarter results.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/24/11/41929909/dow-sp-decline-ahead-of-key-inflation-data-tesla-trump-media-slides-fear-index-remains-in-greed-zone">Dow, S&amp;P Decline Ahead Of Key Inflation Data, Tesla, Trump Media Slides: Fear Index Remains In &#8216;Greed&#8217; Zone</a></li>
</ul>

CYCC

DAVE

EFSH

HNRG

KAPA

MAPS

MULN

Next Technology Holding Inc. - Ordinary Shares

NXTT

SYRS

Why Rocket Lab Shares Are Trading Higher By Around 29%; Here Are 20 Stocks Moving Premarket

Shares of Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) plunged by 62.73% in after-hours and closed nearly 5.29% lower at $3.22 apiece on Tuesday after the company failed to file its earnings for the quarter ended September 2024. The discount airline in a filing late Tuesday, said that it is in talks with its creditors to carve out a restructuring plan which could "lead to the cancellation of the Company's existing equity."
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="244" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1024x244.png" alt="" class="wp-image-644695" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1024x244.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-300x71.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-768x183.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines-1536x366.png 1536w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/13033834/Spirit-Airlines.png 1738w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
What Happened: The budget airline is in discussion with its noteholders for potential bankruptcy or out-of-court restructuring that has been underway for months. This comes after Spirit&#8217;s effort to merge with Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) and its takeover by JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) fell out.
Also read: <a href="https://www.benzinga.com/24/11/41929722/top-wall-street-forecasters-revamp-tower-semiconductor-price-expectations-ahead-of-q3-earnings">Top Wall Street Forecasters Revamp Tower Semiconductor Price Expectations Ahead Of Q3 Earnings</a>
Why It Matters: As the ultra-discount airline&#8217;s efforts to save itself fail, its equity holders may suffer because of the cancellation of shares. However, the company&#8217;s statement indicates that the plan that it is trying to negotiate would not hamper general unsecured creditors, employees, customers, vendors, suppliers, aircraft lessors, or the holders of its secured debt backed by aircraft.
The bondholders include the owners of about $1 billion, 8% coupon loyalty bonds which are due 2025 and $500 million in unsecured convertible bonds due 2026. This former debt is backed by claims on elements of the company's frequent-flyer program.
Also Read: <a href="https://www.benzinga.com/24/11/41899303/top-3-tech-and-telecom-stocks-which-could-rescue-your-portfolio-in-q4" target="_blank" rel="noreferrer noopener">Top 3 Tech And Telecom Stocks Which Could Rescue Your Portfolio In Q4</a>
Price Action: The shares of Spirit Airlines have underperformed the NYSE Composite on a year-to-date basis as it has fallen by 80.31%, whereas the index gave a 17.88% return in the same period. The relative strength index at 40.79 shows that the stock is neither overbought nor oversold.
The consensus estimates of all the 12 analysts tracking the stock as per Nasdaq, is a &#8220;sell&#8221; with an average price target is $2.13 apiece.
<ul>
<li>Read Next: <a href="https://www.benzinga.com/tech/24/11/41895759/amazon-set-to-introduce-new-ai-chips-in-december-to-rival-jensen-huangs-ai-stalwart-we-want-to-be-absolutely-the-best-place-to-run-nvidia">Amazon Set To Introduce New AI Chips In December To Rival Jensen Huang&#8217;s AI Stalwart: &#8216;We Want To Be Absolutely The Best Place To Run Nvidia&#8217;</a></li>
</ul>
Photo via Wikimedia Commons

After-Hours Center

JBLU

Spirit Airlines Nears Bankruptcy, Creditors May Approve Equity 'Cancellation:' Here's What It Means For Investors As Shares Fall With A Thud

The Company estimates its third quarter 2024 operating margin and adjusted operating margin will each be approximately 12 percentage points lower than the operating margin and adjusted operating margin reported for the third quarter 2023 due to lower total operating revenues and higher total operating expenses. Total operating revenues are estimated to have decreased approximately $61 million compared to the third quarter 2023 primarily due to lower average yields, including the negative impact from the Company no longer charging for change and cancellation fees. Total operating expenses are estimated to have increased approximately $46 million and adjusted operating expenses are estimated to have increased approximately $52 million compared to the third quarter 2023. Total operating expenses and adjusted operating expenses are estimated to be higher year over year primarily due to an increase in aircraft rent expense, other operating expense, salaries, wages and benefits, and landing fees and other rents expense. These increases were partially offset by a decrease in aircraft fuel expense.

Guidance

Reported Earlier, Spirit Airlines Expects Q3 Margins To Drop 12 Points Following $61M Revenue Decline And $52M Expense Surge

Spirit Airlines ($SAVE) announced on Monday that it has filed for bankruptcy protection. The low-budget airline stated that it has entered into a r...

Spirit Airlines (NYSE:SAVE) Files for Bankruptcy

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Spirit Airlines Files For Bankruptcy, To Delist From NYSE

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Barclays analyst Brandon Oglenski assigned a Sell rating to Spirit Airlines (SAVE – Research Report) today and set a price target of $0.50. The com...

Spirit Airlines (SAVE) Gets a Sell from Barclays

Top Merger Stocks Held By Fund Managers, Mid-Q4 2024

Spirit Airlines ( ($SAVE) ) has shared an announcement. Spirit is seeking to amend bankruptcy provisions in its 8.00% Senior Secured Notes due 2025...

Spirit Airlines Seeks Amendments for Chapter 11 Restructuring

New option listings for November 19th include ISHARES BITCOIN TRUST ETF (IBIT) and SPIRIT AIRLINES INC. (SAVEQ). Option delistings effective Novemb...

Two new option listings and eleven option delistings on November 19th

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EADSY

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INGM

JETS

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LBRT

LUNR

LUNRW

MGIC

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Press Releases

Spirit Airlines Celebrates Launch of Newly Transformed Guest Experience with 'More Fly' Giveaway

Spirit Airlines Unveils its First-Ever PiNK Uniform Collection in Honor of Breast Cancer Awareness Month

Spirit Airlines Launches its Inaugural Alabama Service and Birmingham's Only Nonstop Flight to Fort Lauderdale

Spirit Airlines Brings on Frankie Muniz to Promote its new #NotInTheMiddle 'Go Comfy' Travel Option

Top Innovation Stocks Surge: PRSO, SYTA, SAVE, ISPC, GRI, BIVI – Must-Watch Stocks This Week

Spirit Airlines Raises $1.2M+ at Annual Charity Golf Tournament Benefitting Nonprofit Organizations

Spirit Airlines Celebrates 20 Years in the Dominican Republic with Savings that Soar

Spirit Airlines Files Form 12b-25

Spirit Airlines Issues Open Letter to All Spirit Guests

Spirit Airlines Announces Comprehensive Agreement to Deleverage Balance Sheet and Position the Company for Long-Term Success as a Leading Low-Fare Carrier

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