Summary: Spirit Airlines is an ultra-low-cost carrier in the airline industry. In this guide, you will learn how to buy SAVE stock and gain exposure to the airline industry through a brokerage platform such as eToro.
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About Spirit Airlines
Spirit Airlines, Inc. (NYSE: SAVE) is an American airline carrier headquartered in Miramar, Florida. During its four decades of operation, Spirit Airlines has made a name for itself with its low-cost business model, offering affordable fares by charging separately for options that are included in the price of tickets of traditional airlines.
How to buy SAVE stock: Step-by-step
Spirit Airlines’ IPO (initial public offering) took place in 2011. It is now traded on the New York Stock Exchange (NYSE) under the ticker SAVE.
If you’re looking to buy SAVE stock, follow these simple steps:
- Choose the right broker: Find a regulated online brokerage platform that lists the SAVE stock;
- Register and fund your account: Open an account and transfer funds to it;
- Place a trade: Find the SAVE stock on the broker’s platform and place a trade;
- Monitor your investment.
Step 1: Choose the right broker
The first step in buying SAVE stock is selecting a reputable brokerage that provides access to the stock market. Numerous online brokers are available, each offering various features, fees, and trading platforms.
We recommend eToro due to its robust trading features, including:
- Commission-free stock trading;
- Access to over 2,000 stocks from 17 different exchanges;
- The option to purchase fractional shares;
- Charting tools;
- A user-friendly platform that simplifies the trading experience.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
Step 2: Register and fund your account
After selecting a broker, you’ll need to fund your brokerage account. Most brokers provide several funding options, such as bank transfers, wire transfers, electronic transfers from other brokerage accounts, as well as third-party payment methods, such as PayPal. Choose the option that is most convenient for you and follow your broker’s instructions to transfer the funds.
Step 3: Place your order
With your brokerage account funded, you’re ready to place your order to buy SAVE stock. To do so, simply:
- Log in on your broker’s website;
- Find SAVE shares;
- Specify the number of shares you wish to buy;
- Select order type (i.e., market, limit, stop-loss, etc.);
- Review all the details once more;
- Execute the trade.
Step 4: Monitor your investment
When buying stocks, it’s crucial to actively monitor your investments to ensure they meet your expectations.
Start by tracking stock price movements using the charting tools and market analysis features available on your brokerage platform. Additionally, explore new stock opportunities to diversify your investment portfolio.
Enhance your investment confidence by trying copy-trading, which allows you to replicate the successful trading strategies of experienced investors on your platform.
Also, conduct technical analysis and track historical price data to make better predictions for the future.
Disclaimer: TradingView does not recommend trading financial instruments based exclusively on the advice of the Technical Rating indicator. These recommendations cannot predict future movements and are meant as assistance for spotting potentially favorable buy/sell conditions if this is consistent with their strategy.
Spirit Airlines stock price today
Pros and cons of buying Spirit Airlines stock
Pros
- Market position: As one of the largest ultra-low-cost carriers (ULCC) in the US, Spirit has a significant market share in the budget travel segment, which can provide a stable customer base and revenue stream.
Cons
- Industry volatility: The airline industry is subject to volatility due to factors such as fuel price fluctuations, economic cycles, and geopolitical events;
- Penny stock: The SAVE stock is often considered a penny stock;
- Competition: Spirit Airlines faces intense competition from other low-cost carriers;
- Financial issues: Spirit Airlines has been reporting declining revenue;
- Debt: The company has a high debt load.
Common mistakes to avoid when buying stocks
When buying stocks, it’s easy to make mistakes that can negatively affect your investment returns. Here are some common mistakes to avoid:
- Overlooking research: Not conducting thorough research on a company before investing can lead to poor investment decisions;
- Ignoring diversification: Investing all your money in one stock exposes you to unnecessary risk;
- Trying to time the market: Predicting short-term stock price fluctuations is notoriously difficult;
- Letting emotions drive your decisions: Making investment decisions based on fear, greed, or other emotions can cloud judgment and lead to impulsive or irrational actions.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.
FAQs about how to buy SAVE stock
Is Spirit Airlines a publicly traded company?
Yes, Spirit Airlines is a publicly traded company.
Can you buy Spirit Airlines stock directly from the company?
No, SAVE stock is only available through registered brokers.
What is Spirit Airlines’ ticker symbol?
Spirit Airlines’ ticker symbol is SAVE.
When did Spirit Airlines go public?
Spirit Airlines went public in 2011.
Is Spirit Airlines a good investment?
As with any investment, it’s crucial to conduct your own research and consider your investment goals and risk tolerance before deciding if Spirit Airlines is the right choice for you.
How to buy Spirit Airlines stock?
To buy SAVE stock, register an account on a trading platform such as eToro.
Is SAVE a penny stock?
Yes, SAVE stock is often considered a penny stock.
Does Spirit Airlines pay a dividend?
Yes, Spirit Airlines pays a dividend.
Highly Rated Stock Trading & Investing Platform
-
Invest in 2,800+ stocks and other assets including 70+ cryptocurrencies and commodities.
-
0% commission on buying stocks - buy in bulk or just a fraction from as little as $10. Other fees apply. For more information, visit etoro.com/trading/fees.
-
Copy top-performing traders in real time, automatically.
-
eToro USA is registered with FINRA for securities trading.
