Spirits and Jet Blue offer
Hi my Name is Logan. I’m a 15 year old day trader who enjoys the thrill of the market. I recently profited off of spirits recent deal with Jet Blue where they offered them 3.6 Billion U.S dollars in exchange for a partnership.I have been able to isolate 2 possible predictions for the outcome of the spirit airlines stock, and both don’t have spirit increasing by much. My first isolated possibility is that if spirit accepts Jet Blues offer it will help there stock grow overtime like there’s has. If we look at spirits most recent partnership deal, on February 7th 2022 they partnered with Frontier airlines and it made there stock jump immediately from $21.73 a share to $25.46 a share. After the announcement of the partnership it grew a little more to $27.53 by February 9th 2022, it then proceeded to drop slightly and rebound, but it was back down to $18.59 a share about a month later with no rebound until this jet blue offer. My second Isolated possibility is that this deal with jet blue won’t go through and it will cause a drop similar to the drop after the Frontier deal. And there wont be a rebound until another big move is made by spirit in the future. Thank you for reading and hearing out my ideas, I would love feedback because it will only make me smarter and a better businessman.
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