Spirit Airlines ($SAVE) and JetBlue ($JBLU) have been halted, with a merger decision expected soon. Spirit Airlines was halted due to volatility, with its stock down over 60%. The company's market cap is nearly $1 billion and it's easy to borrow for short selling. The stock is down 25% near its lows, and there are concerns about its ability to survive, with news of exploring restructuring options.
$SAVE not going to make it
Breaking: $SAVE exploring restructuring options!
How is the dip buying in $SAVE working out? Down 25% today near its lows https://t.co/leEFdkW3hg https://t.co/4p4P49Dn0V
Is this accurate? $SAVE Still almost $1 billion market cap, easy to borrow so you get paid to be short. https://t.co/aydGAfP5jY
$SAVE HALTED FOR VOLATILITY, LAST DOWN OVER 60%
$save and $jblu both haltedโฆ merger decision likely imminent