15 Stocks With The Most Insider Sales In The Last Quarter

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7. Spirit Airlines, Inc. (OTC:SAVEQ)

Number of Insiders Selling: 13

Market Capitalization: $50.93 million

Spirit Airlines is an airline service provider, serving 93 destinations across the United States, Latin America, and the Caribbean in 15 countries. The Miramar, Florida-headquartered company also offers hotels and rental car services.

Among the company’s recent milestones is the launch of its new nonstop service to San Juan, Puerto Rico. The new route operates between San Antonio International Airport (SAT) and Luis Muñoz International Airport (SJU), with up to four flights weekly. This marks the first time SAT travelers have nonstop service to the Caribbean.

On November 18, 2024, Spirit Airlines filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.

In November and December, 13 insiders, including the company’s president and CEO, COO, and CIO, sold a total of $50.93 million of Spirit Airlines shares at an average price of $0.70 per share. Since the beginning of the year, the stock rose 36.76% and currently trades at $0.47 per share. However, over the past 12 months, Spirit Airlines shares lost 88.66%.

Currently, the analyst coverage of Spirit Airlines stock is limited.

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