La catena delle opzioni mostra i dati chiave delle opzioni azionarie di JetBlue Airways a vari prezzi di esercizio e date di scadenza. I trader utilizzano queste informazioni per analizzare potenziali operazioni e valutare il sentiment del mercato per JetBlue Airways..

JetBlue Airways (NASDAQ:JBLU) Azioni, Catena delle Opzioni

JetBlue Airways

JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic & Canada, Caribbean & Latin America and Atlantic. Majority of revenue is generated from Domestic & Canada segment.

JetBlue Airways Corporation - Common Stock

JetBlue Airways Corp

JETBLUE AIRWAYS ORD

Frontier Group Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) is reportedly considering the possibility of a renewed acquisition of Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) amid the latter&#8217;s ongoing discussions with <a href="https://www.benzinga.com/markets/equities/24/10/41416572/spirit-airlines-extends-debt-deadlines-jetblue-founder-suggests-frontier-group-a-more-suitable-m">bondholders over a potential bankruptcy filing</a>.
What Happened: The two low-cost carriers have recently engaged in preliminary merger discussions. However, the talks are still in their early stages and may not result in a deal, The Wall Street Journal <a href="https://www.wsj.com/business/airlines/frontier-spirit-airlines-revive-merger-talks-a7ee5912">reported</a>, citing people familiar with the matter.
If a merger is agreed upon, it is likely to occur as part of Spirit&#8217;s debt and liability restructuring during bankruptcy proceedings. Spirit is currently negotiating with bondholders over potential bankruptcy terms while also exploring out-of-court options to restructure its balance sheet.
Spirit has been under significant financial strain, particularly after a failed merger with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) and years of losses. 
Frontier Group Holdings Inc. and Spirit Airlines Inc. did not immediately respond to&nbsp;<a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga</a>'s request for comment.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41421309/tesla-investor-ross-gerber-calls-it-game-over-as-googles-waymo-expands-robotaxi-presence-in-west?itm_source=parsely-api" target="_blank" rel="noreferrer noopener">Tesla Investor Ross Gerber Calls It &#8216;Game Over&#8217; As Google&#8217;s Waymo Expands Robotaxi Presence In West LA</a>
Why It Matters: The news of the potential merger comes in the wake of Spirit&#8217;s recent stock performance. The airline&#8217;s shares <a href="https://www.benzinga.com/news/24/10/41457620/why-spirit-airlines-save-stock-is-moving">dropped by 6.22%</a> on Tuesday, likely due to profit-taking after a Monday rally. This rally followed the announcement of an extension of the company&#8217;s debt refinancing deadline.
Earlier in October, Spirit <a href="https://www.benzinga.com/markets/equities/24/10/41416572/spirit-airlines-extends-debt-deadlines-jetblue-founder-suggests-frontier-group-a-more-suitable-m">modified its card processing agreement</a>, extending the deadline for its 2025 notes and the early maturity date. This followed ongoing negotiations with the U.S. National Bank Association regarding Visa and MasterCard payments.
Price Action: Spirit Airlines stock closed at $2.11 on Tuesday, down 6.22% for the day. In after-hours trading, the stock rose 16.59%. Year-to-date, Spirit Airlines has seen a significant decline of 87.09%. 
Meanwhile, Frontier Group Holdings Inc. closed at $6.72 on Tuesday, down 2.75%. After hours, the stock dipped 0.45%. Year-to-date, Frontier Group has experienced an increase of 26.55%, according to <a href="https://www.benzinga.com/pro/">data from Benzinga Pro</a>.
Read Next: 
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</ul>
Image via Wikimedia Commons
This story was generated using <a href="https://www.benzinga.com/author/benzinga-neuro">Benzinga Neuro</a> and edited by <a href="https://www.benzinga.com/topic/Kaustubh-Bagalkote" target="_blank" rel="noreferrer noopener">Kaustubh Bagalkote</a>

Equities

News

Markets

JBLU

SAVE

ULCC

Spirit Airlines Stock Jumps Over 16% In After-Hours Trading Amid Frontier's Renewed Merger Interest: Report

Providing a diverse range of perspectives from bullish to bearish, 8 analysts have published ratings on JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) in the last three months.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">8</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $6.09, a high estimate of $7.75, and a low estimate of $5.00. This current average reflects an increase of 22.54% from the previous average price target of $4.97. 
<img src="https://www.benzinga.com/files/images/story/2024/1729623681_0_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of JetBlue Airways among financial experts is revealed through an in-depth exploration of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Stephen Trent</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$7.75</td>
<td>$6.00</td>
</tr>
<tr>
<td>Christopher Stathoulopoulos</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$7.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Duane Pfennigwerth</td>
<td>Evercore ISI Group</td>
<td>Raises</td>
<td>In-Line</td>
<td>$5.00</td>
<td>$4.00</td>
</tr>
<tr>
<td>Stephen Trent</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$6.00</td>
<td>$5.75</td>
</tr>
<tr>
<td>Andrew Didora</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Neutral</td>
<td>$6.00</td>
<td>$3.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$6.00</td>
<td>$5.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Lowers</td>
<td>Hold</td>
<td>$5.00</td>
<td>$6.00</td>
</tr>
<tr>
<td>Helane Becker</td>
<td>TD Cowen</td>
<td>Raises</td>
<td>Hold</td>
<td>$6.00</td>
<td>$4.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to JetBlue Airways. This offers insight into analysts' perspectives on the current state of the company.</li>
<li>Rating: Providing a comprehensive analysis, analysts offer qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of JetBlue Airways compared to the broader market.</li>
<li>Price Targets: Analysts predict movements in price targets, offering estimates for JetBlue Airways's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of JetBlue Airways's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/JBLU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on JetBlue Airways analyst ratings.</a>
<h2>Get to Know JetBlue Airways Better</h2>
JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic &amp; Canada, Caribbean &amp; Latin America and Atlantic. Majority of revenue is generated from Domestic &amp; Canada segment.
<h3>Unraveling the Financial Story of JetBlue Airways</h3>
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Negative Revenue Trend: Examining JetBlue Airways's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -6.97% in revenue growth, reflecting a decrease in top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: JetBlue Airways's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 1.03%, the company may face hurdles in effective cost management.
Return on Equity (ROE): JetBlue Airways's ROE is below industry averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.94%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): JetBlue Airways's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.18%, the company may face hurdles in achieving optimal financial returns.
Debt Management: JetBlue Airways's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 2.23.
<h2>The Core of Analyst Ratings: What Every Investor Should Know</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
Which Stocks Are Analysts Recommending Now?
Benzinga Edge gives you instant access to all major analyst upgrades, downgrades, and price targets. Sort by accuracy, upside potential, and more. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=be8be9arja3be22bz21&amp;utm_source=benzinga-insights">Click here to stay ahead of the market</a>.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Analyst Ratings

Peeling Back The Layers: Exploring JetBlue Airways Through Analyst Insights

Citigroup analyst Stephen Trent maintains JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Neutral and raises the price target from $6 to $7.75.

Price Target

Citigroup Maintains Neutral on JetBlue Airways, Raises Price Target to $7.75

Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares are trading higher Monday after the company extended its <a href="https://www.benzinga.com/markets/equities/24/10/41416572/spirit-airlines-extends-debt-deadlines-jetblue-founder-suggests-frontier-group-a-more-suitable-m">debt refinancing deadline</a>.
What To Know: Spirit Airlines on Friday announced that it reached an agreement with the U.S. Bank National Association to extend its existing credit card processing agreement to Dec. 23. The deadline was previously set to expire on Monday.
The company also announced in the filing that it borrowed all $300 million under its revolving credit facility and said it&#8217;s in ongoing discussions with holders of senior secured notes due 2025 and 2026. 
&#8220;As previously disclosed, the Company remains in active and constructive discussions with holders of its senior secured notes due 2025 and convertible senior notes due 2026 with respect to their respective maturities,&#8221; the company said in the filing.
Spirit noted that it expects to end the year with more than $1 billion in liquidity, which includes unrestricted cash and cash equivalents, short-term investment securities and additional liquidity initiatives that are currently in progress.
Check This Out: <a href="https://www.benzinga.com/markets/equities/24/10/41416572/spirit-airlines-extends-debt-deadlines-jetblue-founder-suggests-frontier-group-a-more-suitable-m">Spirit Airlines Extends Debt Deadlines, JetBlue Founder Suggests Frontier Group A More Suitable Match</a>
Spirit Airlines shares are down more than 91% since the start of the year. The airline has faced selling pressure as planes were grounded due to an engine recall and the company&#8217;s planned acquisition of JetBlue Airways Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) was blocked by regulators. Spirit has also missed analyst estimates on the top and bottom lines in two straight quarters, per <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Earlier this month, the Wall Street Journal <a href="https://www.benzinga.com/markets/equities/24/10/41178053/spirit-airlines-engages-in-bankruptcy-talks-amid-financial-struggles-report">reported</a> that Spirit was exploring potential bankruptcy options as it continues to battle financial challenges, including mounting pressure on its $3.3 billion debt load.
SAVE Price Action: Spirit Airlines shares were up 57.1% at $2.30 at the time of publication, according to <a href="http://pro.benzinga.com">Benzinga Pro</a>.
Photo: <a href="https://pixabay.com/users/steladi-563699/?utm_source=link-attribution&amp;utm_medium=referral&amp;utm_campaign=image&amp;utm_content=519002">Stela Di</a> from Pixabay.

Financing

Movers

Why Spirit Airlines Stock Is Taking Off Monday

U.S. stock futures were lower this morning, with the Nasdaq futures falling around 100 points on Monday.
Shares of Lufax Holding Ltd (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LU#NYSE">LU</a>) shares fell sharply in today's pre-market trading<a href="https://www.benzinga.com/quote/LU/earnings"> following third-quarter results</a>.
Lufax Holding posted quarterly GAAP EPADS of $(0.16). The company posted sales of $789.928 million, missing estimates of $853.934 million.
Lufax Holding shares dipped 9.2% to $2.87 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>LifeStance Health Group, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LFST#NASDAQ">LFST</a>) shares dipped 8.6% to $6.46 in pre-market trading. LifeStance Health Group will issue its third quarter earnings release before the opening bell on Thursday, Nov. 7.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares fell 6.1% to $7.56 in pre-market trading. Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity date from December 31 to March 3.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) shares fell 4.7% to $18.68 in pre-market trading. Wells Fargo analyst Ike Boruchow, last week, downgraded VF from Equal-Weight to Underweight and lowered the price target from $16 to $15.</li>
<li>Hertz Global Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTZ#NASDAQ">HTZ</a>) shares fell 4.6% to $3.10 in pre-market trading.</li>
<li>Canada Goose Holdings Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GOOS#NYSE">GOOS</a>) shares fell 4.5% to $10.74 in pre-market trading. Canada Goose will announce results for the second quarter of fiscal year 2025, before markets open on Thursday, Nov. 7.</li>
<li>Zeta Global Holdings Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) shares fell 3.8% to $26.85 in pre-market trading. On Friday, Barclays analyst Ryan Macwilliams downgraded Zeta Global from Overweight to Equal-Weight and maintained the price target of $28.</li>
<li>Dorchester Minerals, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DMLP#NYSE">DMLP</a>) shares fell 3.7% to $31.70 in pre-market trading. Dorchester Minerals announced its third quarter distribution.</li>
</ul>
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</ul>

DMLP

GOOS

LFST

ZETA

Lufax Holding, JetBlue Airways And Other Big Stocks Moving Lower In Monday's Pre-Market Session

Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) announced that on October 11, it modified its card processing agreement to extend the deadline for its 2025 notes from October 21 to December 23 and the early maturity <a href="https://www.benzinga.com/trading-ideas/short-ideas/24/10/41379166/spirit-airlines-struggles-to-regain-altitude-as-competitors-soar-bankruptcy-concerns-in" target="_blank" rel="noreferrer noopener">date from December 31 to March 3</a>.
The budget airline was in the process of renegotiating an agreement with the U.S. National Bank Association concerning the processing of payments made to it through Visa or MasterCard credit cards, per an <a href="https://d18rn0p25nwr6d.cloudfront.net/CIK-0001498710/eb889122-2c29-499f-b13b-ff7b9f37a85f.pdf" target="_blank" rel="noreferrer noopener">exchange</a> filing (dated October 18).
The Wall Street Journal had earlier <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae" target="_blank" rel="noreferrer noopener">reported</a> that Spirit was in discussions with bondholders regarding the conditions of a possible bankruptcy filing.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, SAVE stock has lost over 90% in the past year.
Also Read: <a target="_blank" href="https://www.benzinga.com/general/social-media/24/10/41189534/spirit-airlines-bankruptcy-chatter-has-critics-blaming-biden-heres-what-history-shows-about-" rel="noreferrer noopener">Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here&#8217;s What History Shows About Carrier Mergers</a>
On October 15, Spirit indicated that it had fully utilized the $300 million available under its revolving credit facility and anticipated finishing the year with more than $1 billion in liquidity.
Since the pandemic, Spirit has not reported a profit, and its future as an independent airline became unclear after a federal judge halted its merger with JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), <a href="https://skift.com/2024/10/18/spirit-airlines-extends-key-deadline-to-refinance-debt/" target="_blank" rel="noreferrer noopener">reported</a> Skift. Additionally, problems with Pratt &amp; Whitney engines have forced the airline to ground parts of its fleet.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, JBLU stock has gained over 82% in the past year. Investors can gain exposure to the stock via&nbsp;Themes Airlines ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIRL#NASDAQ">AIRL</a>) and&nbsp;LeaderShares Activist Leaders ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACTV#NYSE">ACTV</a>).
Spirit has reported losses in almost every quarter since February 2020, per data from<a target="_blank" href="https://www.benzinga.com/pro/" rel="noreferrer noopener">&nbsp;Benzinga Pro</a>. For the 2024 fiscal year second quarter, the company reported an adjusted net loss of $157.9 million.
According to a <a href="https://qz.com/jetblue-founder-neeleman-merger-spirit-frontier-1851676433" target="_blank" rel="noreferrer noopener">report </a>by Quartz, JetBlue&#8217;s founder further escalated matters following the airline&#8217;s unsuccessful merger attempt with Spirit Airlines.
David Neeleman, who left JetBlue in 2007 and now runs Breeze Airways, <a target="_blank" href="https://www.washingtonpost.com/travel/2024/10/17/jetblue-breeze-airways-david-neeleman-southwest-spirit/" rel="noreferrer noopener">told </a>the Washington Post that Spirit should have pursued a merger with Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) instead. However, JetBlue made a more attractive offer to partner with Spirit. After a judge blocked the JetBlue-Spirit merger on antitrust grounds in January, both companies ultimately abandoned the effort in March.
In a <a target="_blank" href="https://s24.q4cdn.com/507316502/files/doc_financials/2024/q2/Earnings-Release-2Q24.pdf" rel="noreferrer noopener">release </a>dated August 1, the company announced that it is on track to realize $100 million in annual run-rate cost savings, with around $75 million anticipated to be achieved by the end of 2024.
Compared to the third quarter of 2023, in the third quarter of 2024, the company will have exited 42 markets while adding 77 new ones, offering more routes on specific days of the week to facilitate expansion with a lower risk profile, and aggressively managing capacity to better align with seasonal and daily demand fluctuations.
Read Next:
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</ul>
Image: Wikimedia Commons

General

ACTV

AIRL

Spirit Airlines Extends Debt Deadlines, JetBlue Founder Suggests Frontier Group A More Suitable Match

<h3>Gainers</h3>
<ul>
<li>Caravelle Intl Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCO#NASDAQ">HTCO</a>) stock moved upwards by 5.8% to $1.1 during Friday's after-market session. The company's market cap stands at $61.3 million. </li>
<li>FTC Solar (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTCI#NASDAQ">FTCI</a>) shares rose 4.92% to $0.62. The market value of their outstanding shares is at $78.9 million. </li>
<li>Multi Ways Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MWG#AMEX">MWG</a>) shares rose 4.75% to $0.28. The market value of their outstanding shares is at $9.1 million. </li>
<li>WANG &amp; LEE Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WLGS#NASDAQ">WLGS</a>) stock moved upwards by 4.72% to $2.88. The company's market cap stands at $43.4 million. </li>
<li>NeoVolta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEOV#NASDAQ">NEOV</a>) shares increased by 4.57% to $3.2. The market value of their outstanding shares is at $106.3 million. </li>
<li>Mesa Air Gr (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MESA#NASDAQ">MESA</a>) stock increased by 4.51% to $0.95. The market value of their outstanding shares is at $39.2 million. As per the press release, Q3 earnings came out 2 days ago. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>1847 Holdings (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/EFSH#AMEX">EFSH</a>) stock fell 17.3% to $4.35 during Friday's after-market session. The company's market cap stands at $2.9 million. </li>
<li>Staffing 360 Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STAF#NASDAQ">STAF</a>) stock decreased by 8.98% to $2.23. The company's market cap stands at $2.0 million. </li>
<li>JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares decreased by 6.96% to $7.49. The market value of their outstanding shares is at $2.5 billion. </li>
<li>Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) shares declined by 6.87% to $6.51. The market value of their outstanding shares is at $1.4 billion. </li>
<li>CleanCore Solutions (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/ZONE#AMEX">ZONE</a>) shares fell 6.38% to $1.6. The company's market cap stands at $12.7 million. </li>
<li>Agrify (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AGFY#NASDAQ">AGFY</a>) shares fell 6.04% to $3.89. The company's market cap stands at $5.1 million. 
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.

AGFY

EFSH

FTCI

HTCO

MESA

NEOV

STAF

WLGS

ZONE

12 Industrials Stocks Moving In Friday's After-Market Session

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Below are some instances of options activity happening in the Industrials sector: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>ENVX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$12.50</td>
<td>$43.7K</td>
<td>14.6K</td>
<td>1.1K</td>
</tr>
<tr>
<td>HON</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/25/24</td>
<td>$220.00</td>
<td>$197.6K</td>
<td>43</td>
<td>899</td>
</tr>
<tr>
<td>PAYX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$135.00</td>
<td>$35.4K</td>
<td>1.3K</td>
<td>787</td>
</tr>
<tr>
<td>KTOS</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$30.00</td>
<td>$28.0K</td>
<td>535</td>
<td>257</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/01/24</td>
<td>$127.00</td>
<td>$34.5K</td>
<td>64</td>
<td>220</td>
</tr>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$5.00</td>
<td>$25.4K</td>
<td>10.6K</td>
<td>105</td>
</tr>
<tr>
<td>ETN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$350.00</td>
<td>$29.4K</td>
<td>52</td>
<td>104</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$130.00</td>
<td>$26.7K</td>
<td>127</td>
<td>31</td>
</tr>
<tr>
<td>GEV</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$230.00</td>
<td>$28.9K</td>
<td>287</td>
<td>7</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• Regarding ENVX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENVX#NASDAQ">ENVX</a>), we observe a call option sweep with bearish sentiment. It expires in 92 day(s) on January 17, 2025. Parties traded 218 contract(s) at a $12.50 strike. This particular call needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $43.7K, with a price of $200.0 per contract. There were 14676 open contracts at this strike prior to today, and today 1159 contract(s) were bought and sold. 
• For HON (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HON#NASDAQ">HON</a>), we notice a put option sweep that happens to be bullish, expiring in 8 day(s) on October 25, 2024. This event was a transfer of 449 contract(s) at a $220.00 strike. This particular put needed to be split into 26 different trades to become filled. The total cost received by the writing party (or parties) was $197.6K, with a price of $440.0 per contract. There were 43 open contracts at this strike prior to today, and today 899 contract(s) were bought and sold. 
• For PAYX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYX#NASDAQ">PAYX</a>), we notice a call option sweep that happens to be neutral, expiring in 1 day(s) on October 18, 2024. This event was a transfer of 52 contract(s) at a $135.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $35.4K, with a price of $675.0 per contract. There were 1357 open contracts at this strike prior to today, and today 787 contract(s) were bought and sold. 
• Regarding KTOS (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KTOS#NASDAQ">KTOS</a>), we observe a call option trade with bullish sentiment. It expires in 127 day(s) on February 21, 2025. Parties traded 255 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $28.0K, with a price of $110.0 per contract. There were 535 open contracts at this strike prior to today, and today 257 contract(s) were bought and sold. 
• For RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), we notice a call option trade that happens to be neutral, expiring in 15 day(s) on November 1, 2024. This event was a transfer of 140 contract(s) at a $127.00 strike. The total cost received by the writing party (or parties) was $34.5K, with a price of $247.0 per contract. There were 64 open contracts at this strike prior to today, and today 220 contract(s) were bought and sold. 
• For JBLU (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), we notice a call option trade that happens to be bearish, expiring in 92 day(s) on January 17, 2025. This event was a transfer of 100 contract(s) at a $5.00 strike. The total cost received by the writing party (or parties) was $25.4K, with a price of $255.0 per contract. There were 10662 open contracts at this strike prior to today, and today 105 contract(s) were bought and sold. 
• Regarding ETN (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETN#NYSE">ETN</a>), we observe a put option sweep with bearish sentiment. It expires in 1 day(s) on October 18, 2024. Parties traded 84 contract(s) at a $350.00 strike. This particular put needed to be split into 28 different trades to become filled. The total cost received by the writing party (or parties) was $29.4K, with a price of $350.0 per contract. There were 52 open contracts at this strike prior to today, and today 104 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option sweep with neutral sentiment. It expires in 246 day(s) on June 20, 2025. Parties traded 7 contract(s) at a $130.00 strike. This particular call needed to be split into 4 different trades to become filled. The total cost received by the writing party (or parties) was $26.7K, with a price of $3825.0 per contract. There were 127 open contracts at this strike prior to today, and today 31 contract(s) were bought and sold. 
• For GEV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEV#NYSE">GEV</a>), we notice a call option trade that happens to be neutral, expiring in 29 day(s) on November 15, 2024. This event was a transfer of 6 contract(s) at a $230.00 strike. The total cost received by the writing party (or parties) was $28.9K, with a price of $4820.0 per contract. There were 287 open contracts at this strike prior to today, and today 7 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ENVX

KTOS

PAYX

9 Industrials Stocks Whale Activity In Today's Session

Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) is facing turbulent skies ahead. While the broader airline industry is flying high, Spirit's financial woes are pushing it toward <a href="https://www.benzinga.com/general/social-media/24/10/41189534/spirit-airlines-bankruptcy-chatter-has-critics-blaming-biden-heres-what-history-shows-about-">a potential bankruptcy</a>. 
With debt piling up and its stock plummeting, the budget carrier is now fast-tracking the retirement of its Airbus A319 fleet. 
Investors are left wondering: Can Spirit pull off a turnaround, or is this the beginning of the end?
<h2 class="wp-block-heading">What Happened?</h2>
Spirit Airlines is expediting the retirement of its Airbus A319 fleet, with final flights scheduled for Jan. 8, 2025—months ahead of its original plan, <a href="https://aviationa2z.com/index.php/2024/10/17/spirit-airlines-early-retiring-its-airbus-a319-fleet/">reported</a> Aviationa2z. The carrier's last four A319 flights will depart from Fort Lauderdale to Newark, Boston, Houston, and San Juan. This move comes as Spirit scrambles to streamline operations amid financial distress, exacerbated by the failed $3.8 billion merger with JetBlue Airways Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>).
The early fleet retirement underscores Spirit's urgent need to cut costs as it battles mounting debt and prepares for potential Chapter 11 bankruptcy. 
Read Also: <a href="https://www.benzinga.com/general/social-media/24/10/41189534/spirit-airlines-bankruptcy-chatter-has-critics-blaming-biden-heres-what-history-shows-about-">Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here&#8217;s What History Shows About Carrier Mergers</a>
CEO Ted Christie has confirmed ongoing talks with bondholders, with $1.1 billion in secured bonds coming due within a year.
<h2 class="wp-block-heading">Why It Matters?</h2>
For Spirit investors, these developments paint a grim picture. The accelerated retirement of the A319 is part of the airline's broader effort to reduce operational costs, but it also signals deeper financial troubles. 
Spirit's stock has cratered, down 90% year-to-date, trading at $1.63. The company hasn't generated an annual profit since before the pandemic, and technical indicators show continued bearish momentum, with the stock below key moving averages.
Meanwhile, the airline sector is enjoying a resurgence, with United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) reporting strong third quarter earnings and announcing a $1.5 billion stock buyback.
Read Also: <a href="https://www.benzinga.com/news/earnings/24/10/41364779/tech-stocks-stall-small-caps-surge-as-regional-banks-rally-airlines-rocket-whats-driving-markets-we">Tech Stocks Stall, Small Caps Surge As Regional Banks Rally, Airlines Rocket: What&#8217;s Driving Markets Wednesday?</a>
The Dow Jones U.S. Airlines Index and the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>) also hit new 52-week highs on Wednesday, leaving Spirit far behind as competitors surge.
<h2 class="wp-block-heading">What's Next?</h2>
Spirit Airlines is on a tightrope. Bondholder negotiations could stave off bankruptcy, but the clock is ticking. 
The airline also faces operational challenges, including the recall of Pratt &amp; Whitney engines, forcing part of its fleet to be grounded. 
With a planned 20% capacity reduction in the fourth quarter, Spirit's future remains uncertain, while the rest of the airline industry continues to climb.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41367511/boeing-shares-are-trading-higher-today-what-you-need-to-know">Boeing Shares Are Trading Higher Today: What You Need To Know</a></li>
</ul>
Image via Wikimedia Commons

Short Ideas

Travel

Trading Ideas

JETS

Spirit Airlines Struggles To Regain Altitude As Competitors Soar, Bankruptcy Concerns Intensify

WIIM

Shares of airline stocks are trading higher in sympathy with United, which gained after reporting strong earnings and announcing a buyback.

RYAAY

SKYW

Shares of airline stocks are trading higher. The industry may be moving on continued strength after recent fears surrounding Hurricane Milton have curbed and fuel costs, which are a major expense for airlines, dropped in price.

Hurricane Milton has wreaked havoc on the state of Florida and closed multiple airports in the region, leading to thousands of flight cancellations <a href="https://www.benzinga.com/topic/hurricane-milton">due to the hurricane.</a>
Flight Cancellations: The airline sector is <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41254312/hurricane-milton-descends-on-florida-analysts-warn-of-impact-on-disney-nexteras-flo">one of many </a>that could experience a short-term and long-term negative impact from the destruction of Hurricane Milton, which made landfall in Florida Wednesday night.
Over 3,000 flights have been canceled and delayed as of Thursday morning, <a href="https://www.nbcnews.com/weather/hurricanes/live-blog/hurricane-milton-live-updates-rcna174774">according </a>to NBC News. Reporter Tom Costello said the number could grow as the airports closed in Florida are having a ripple effect on other airports across the nation.
NBC showed the following airports in Florida closed:
<ul>
<li>St. Petersburg/Clearwater (PIE)</li>
<li>Tampa (TPA)</li>
<li>Orlando (MCO)</li>
<li>Southwest Florida (in Fort Myers) (RSW)</li>
<li>Sarasota Bradenton (SRQ)</li>
<li>Palm Beach (PBI)</li>
</ul>
Costello noted that while other Florida airports such as Miami are open, the hurricane is causing cancellations and delays at that airport. The Flightaware Misery Map <a href="https://www.flightaware.com/miserymap/">showed </a>Miami as the airport with the most cancellations and delays Thursday among open airports.
The airport closures come ahead of Monday's Columbus Day holiday and during the High Holy Days, which make for a busy travel week.
Costello said he expects the airports to be open by the weekend and back to normal operations.
"The big variable is going to be how much damage these individual airports have suffered," Costello said.
The Tampa International Airport <a href="https://news.tampaairport.com/tpa-damage-assessments-underway-following-hurricane-milton/">said </a>Thursday it was conducting an "assessment of conditions" at the airport and airfield to determine when it could "safely reopen."
Read Also: <a href="https://www.benzinga.com/news/24/10/41266095/hurricane-milton-knocks-out-power-for-over-2m-in-florida-nextera-energy-duke-energy-and-tampa-electr">Hurricane Milton Knocks Out Power For Over 2M In Florida, NextEra Energy, Duke Energy, And Tampa Electric Report Major Outages</a>
Companies Most Impacted: Airline companies throughout the U.S. are likely to be negatively impacted from Hurricane Milton with cancellations and delays leading to refunds and vouchers.
The Orlando airport is the busiest impacted and could have the largest affect on airlines. The airport served 57.7 million passengers in 2023, ranking first in Florida and seventh in the U.S., as <a href="https://simpleflying.com/orlando-airport-top-airlines/">reported </a>by Simple Flying.
According to the report, these are the largest airlines for the airport based on market share:
<ol>
<li>Southwest Airlines Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>): 25%</li>
<li>Spirit Airlines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>): 14%</li>
<li>Delta Air Lines Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>): 12%</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>): 11%</li>
<li>Frontier Group Holdings (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/ulcc#NASDAQ">ULCC</a>): 10%</li>
<li>American Airlines Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>): 9%</li>
<li>United Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>): 7%</li>
</ol>
These seven airlines could see the biggest impact from the Orlando airport closing. The airports in Tampa and Southwest Florida (Fort Myers) also rank among the busiest airports in Florida.
Other large operators at Florida airports include Allegiant Travel Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGT#NASDAQ">ALGT</a>) and Sun Country Airlines Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNCY#NASDAQ">SNCY</a>), although these airlines could be less impacted by the hurricane and the flight cancellations.
Investors should also monitor the U.S. Global Jets ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JETS#NYSE">JETS</a>), which tracks the overall airline sector and could be highly volatile if the airports face extended closures and cancellations.
The impact on Spirit Airlines could be particularly noteworthy as the company is <a href="https://www.benzinga.com/news/24/10/41182466/spirit-airlines-drops-over-40-amid-bankruptcy-discussions">reportedly exploring bankruptcy. </a>
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/general/social-media/24/10/41260997/white-house-joins-reddit-once-a-waffle-house-idea-now-source-for-critical-information-and-hu">White House Joins Reddit: Once A Waffle House Idea, Now Source For &#8216;Critical Information&#8217; And Hurricane Milton Updates</a></li>
</ul>
Photo: Tampa International Airport, photo by Feng Cheng via Shutterstock

Sector ETFs

Small Cap

ALGT

SNCY

Hurricane Milton Closes Multiple Florida Airports, Over 3,000 Flights Canceled And Delayed: 10 Airline Stocks That Could Be Hit Hardest

JetBlue Airways's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NYSE">JBLU</a>) short percent of float has fallen 9.42% since its last report. The company recently reported that it has 62.58 million shares sold short, which is 25.88% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.59 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>JetBlue Airways Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728501318_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for JetBlue Airways has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing JetBlue Airways's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, JetBlue Airways's peer group average for short interest as a percentage of float is 10.89%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

How Is The Market Feeling About JetBlue Airways?

Susquehanna analyst Christopher Stathoulopoulos maintains JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) with a Neutral and raises the price target from $6 to $7.

Susquehanna Maintains Neutral on JetBlue Airways, Raises Price Target to $7

A stronger-than-expected September jobs report fueled gains on Wall Street, overshadowing investor concerns that had been driven by escalating geopolitical tensions in the Middle <a href="https://www.benzinga.com/news/global/24/10/41126038/iran-attacks-israel-with-missiles-middle-east-tensions-escalates-s-p-500-stocks-bitcoin-fall-as-oil">East earlier this week. </a>
The U.S. economy added 254,000 nonfarm payroll jobs in September, a significant jump from August's 159,000 and well above forecasts of 140,000. This marked the most robust employment growth since March 2024.
In addition, the unemployment rate dropped more than anticipated to 4.1%, while average hourly earnings also surpassed expectations, signaling a red-hot labor market.
Small-cap stocks outpaced their large-cap peers as worries about an economic slowdown subsided further. Meanwhile, traders adjusted their outlook for the Federal Reserve's November meeting, reducing the probability of a 50-basis-point rate cut from 30% to just 10% as the stronger jobs data diminished the need for a more aggressive policy move.
U.S. Treasury yields rose sharply in response to the solid labor market data. The 2-year yield climbed by 20 basis points, while the 10-year yield increased by 12 basis points. 
Chinese equities continued their upward trajectory, driven by ongoing domestic stimulus measures. The iShares China Large-Cap ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FXI#NYSE">FXI</a>) reached levels last seen in February 2022, just before Russia's invasion of Ukraine.
Gold dipped 0.3% as the U.S. dollar strengthened and bond yields climbed. Oil prices extended their rally for the fourth consecutive session, with WTI crude hitting $75 per barrel during intraday trading.
Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) surged 2.2%, climbing to $62,000.
<h3 class="wp-block-heading">Friday&#8217;s Performance In Major US Indices, ETFs</h3>
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Major Indices</td>
<td>Price</td>
<td>1-day %chg</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>2,203.80</td>
<td>1.1 %</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>19,932.47</td>
<td>0.7%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>5,727.63</td>
<td>0.5%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>42,146.54</td>
<td>0.3%</td>
</tr>
</tbody>
</table>
<figcaption class="wp-element-caption">Updated at 1:35 p.m. ET</figcaption></figure>
According to <a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent100424&amp;t=be2bearmibe3na1">Benzinga Pro</a> data: 
<ul>
<li>The&nbsp;SPDR S&amp;P 500 ETF Trust&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)&nbsp;rose 0.5% to $570.47.</li>
<li>The&nbsp;SPDR Dow Jones Industrial Average&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIA#NYSE">DIA</a>)&nbsp;inched 0.3% higher to $421.66.</li>
<li>The tech-heavy Invesco QQQ Trust Series (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) rose 0.7% to $484.95.</li>
<li>The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) rallied 1.2% to $218.77.</li>
<li>The Financial Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLF#NYSE">XLF</a>) outperformed, up 1.2%. The Real Estate Select Sector SPDR Fund (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XLRE#NYSE">XLRE</a>) lagged, down 0.8%.</li>
</ul>
<h3 class="wp-block-heading">Friday&#8217;s Stock Movers</h3>
<ul>
<li>Semiconductor stocks rallied, with Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) leading gains, up over 4%. </li>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) fell over 4% on a quarterly revenue miss. </li>
<li>Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) tumbled 26%, amid bankruptcy discussions with creditors following the failed merger with JetBlue Airways Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>). Peers such as American Airlines Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NYSE">AAL</a>) and United Airlines Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) rallied on the news, up by 5.4% and 3.6%, respectively. </li>
</ul>
Read now: <a href="https://www.benzinga.com/economics/macro-economic-events/24/10/41187740/blowout-september-jobs-report-spurs-reactions-6-economists-say-aggressive-fed-rat">&#8216;Blowout&#8217; September Jobs Report Spurs Reactions: 6 Economists Say Aggressive Fed Rate Cuts May Face Obstacles</a>
Image created using artificial intelligence via Midjourney.

Asia

Macro Economic Events

Broad U.S. Equity ETFs

Emerging Markets

Econ #s

Economics

Federal Reserve

Tech

ETFs

$BTC

SPDR Dow Jones Industrial Average ETF Trust

RIVN

XLRE

Wall Street Rallies, Small Caps Outperform On Strong Jobs Report, Chinese Stocks Soar To 32-Month Highs: What's Driving Markets Friday?

When word got around that Spirit Airlines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) was <a href="https://www.benzinga.com//node/41182466">considering a bankruptcy</a> filing, critics quickly took to social media to blame the Biden administration. 
Why? Recall how, in January, U.S. <a href="https://www.benzinga.com/news/24/01/36648448/jetblue-spirit-airlines-merger-blocked-spirit-shares-tumble">antitrust regulators successfully blocked</a> JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) from buying Spirit for $3.8 billion. Indeed, over the past four years, regulators <a href="https://www.benzinga.com/government/24/09/40693260/kroger-albertsons-merger-in-ftc-crosshairs-customers-competitors-at-risk">often hold up</a> M&amp;A activity they consider anti-competitive, such as <a href="https://www.benzinga.com/news/large-cap/22/10/29266605/kroger-albertsons-finally-seal-the-rumored-merger-deal-see-highlights">the $25 billion merger</a> between Kroger Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KR#NYSE">KR</a>) and Alberstons Companies, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACI#NYSE">ACI</a>).
The JetBlue/Spirit scenario was no different. Fast-forward to this week: The <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae">Wall Street Journal</a> reported Spirit is in talks with bondholders and creditors to see if a Chapter 11 bankruptcy is the best option for the troubled carrier.
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">Biden and Harris torched the merger. Now many will be without a job.
&mdash; Ottoman (@raddadcomments) <a href="https://twitter.com/raddadcomments/status/1841958271655280659?ref_src=twsrc%5Etfw">October 3, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
The JetBlue deal would have saved jobs and the airline, observers argued. It&#8217;s worth noting Spirit&#8217;s problems stem from having to ground several Airbus planes due to turbofan engine problems.
Bank of America Securities analysts noted in January that Spirit&#8217;s ongoing engine repairs hurt &#8220;the traditional ultra-low cost business model.&#8221;
Dania Beach, Florida-based Spirit also attributed its financial struggles to an &#8220;intense competitive battle&#8221; for price-sensitive leisure travelers, as well as an oversupply of airline seats in the domestic market.
&#8220;You can think [sic] Biden and his FTC crew for this. Way to go Joe!&#8221; a social media user posted.
Precedent shows that a deal with JetBlue wouldn&#8217;t have been a safety net for Spirit as most major airline mergers lead to job losses, regardless of whether the target is a distressed asset.
See Also: <a href="https://www.benzinga.com/markets/equities/24/10/41178053/spirit-airlines-engages-in-bankruptcy-talks-amid-financial-struggles-report">Spirit Airlines Engages In Bankruptcy Talks Amid Financial Struggles</a>
The scale and impact can vary depending on several factors such as the size of the merger. Here are a few examples of job losses from major mergers:
<ul>
<li>American Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>) and US Airways: After the 2013 merger, there were several thousand job losses. Estimates ranged from 1,500 to 3,000 positions cut. </li>
<li>United Airlines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) and Continental Airlines: The 2010 merger resulted in the elimination of roughly 1,500 to 2,000 job losses. These cuts were primarily due to redundant corporate and administrative positions. </li>
<li>Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and Northwest Airlines: While the 2008 merger helped the combined airline grow, but also led to an estimated 2,000 to 3,000 job losses.</li>
</ul>
Airline mergers often lead to route and capacity optimization, reducing staffing needs in less profitable areas. Cost synergies, like lowering fuel and labor costs, can prompt additional cuts as well. Fleet consolidation may phase out older aircraft, affecting technical staff.
Union agreements and labor contracts might also lead to layoffs as the merged airline harmonizes pay and benefits across the workforce.
While not all mergers result in severe job losses, neither do bankruptcies. Jobs can sometimes be saved when a company files for Chapter 11, since the process allows a company to reorganize its debts and operations while continuing to operate, giving it a chance to become financially viable. 
During this process, the company may restructure contracts, renegotiate with creditors and streamline operations, which can help preserve jobs that would otherwise be lost in a complete liquidation. While layoffs may occur, Chapter 11 provides more opportunities for the business to recover and protect a portion of its workforce.
Spirit&#8217;s debt load hovers around $3.3 billion, per the Wall Street Journal.
Recent airline bankruptcies include Virgin America and Monarch Airlines, both in 2017; WOW Air in 2019; and LATAM Airlines Group SA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LTM#NYSE">LTM</a>) in 2020. LATAM emerged from bankruptcy in 2022 stronger and is now larger and leaner, <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/10/41123208/latam-airlines-earnings-will-remain-higher-for-longer-says-bullish-analyst">according to Morgan Stanley analysts</a>.
What&#8217;s Next: It remains to be seen whether Spirit will follow through with bankruptcy. At last check Friday, Spirit stock is trading 26.28% lower at $1.66, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
The stock has lost more than 85% of its value in 2024. 
Now Read: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41124443/whats-going-on-with-delta-united-and-spirit-airlines-shares-tuesday">What's Going On With Delta, United and Spirit Airlines Shares Tuesday?</a></li>
</ul>
Photo: Shutterstock

Social Media

Spirit Airlines Bankruptcy Chatter Has Critics Blaming Biden: Here's What History Shows About Carrier Mergers

<h3>Gainers</h3>
<ul>
<li>noco-noco (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NCNC#NASDAQ">NCNC</a>) shares rose 39.8% to $0.19 during Friday's regular session. The company's market cap stands at $32.9 million. </li>
<li>Apogee Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) shares rose 25.43% to $85.84. The company's market cap stands at $1.8 billion. As per the press release, Q2 earnings came out today. </li>
<li>Amprius Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AMPX#NYSE">AMPX</a>) shares rose 22.64% to $1.3. The market value of their outstanding shares is at $144.3 million. </li>
<li>Momentus (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNTS#NASDAQ">MNTS</a>) shares moved upwards by 19.81% to $0.45. The company's market cap stands at $11.4 million. </li>
<li>Frontier Group Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) stock moved upwards by 17.53% to $5.87. The company's market cap stands at $1.3 billion. </li>
<li>JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) shares increased by 16.04% to $7.42. The company's market cap stands at $2.5 billion. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Spirit Airlines (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) shares decreased by 25.9% to $1.66 during Friday's regular session. The market value of their outstanding shares is at $181.8 million. </li>
<li>Safe Pro Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SPAI#NASDAQ">SPAI</a>) shares declined by 23.08% to $2.0. The market value of their outstanding shares is at $27.3 million. </li>
<li>Laser Photonics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) shares declined by 19.29% to $7.41. The company's market cap stands at $113.1 million. </li>
<li>AgEagle Aerial Sys (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/UAVS#AMEX">UAVS</a>) stock declined by 18.52% to $0.1. The market value of their outstanding shares is at $1.4 million. </li>
<li>iPower (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IPW#NASDAQ">IPW</a>) shares declined by 13.71% to $1.79. The company's market cap stands at $56.4 million. </li>
<li>Graphex Gr (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/GRFX#AMEX">GRFX</a>) stock decreased by 12.95% to $0.28. The company's market cap stands at $13.8 million. 
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.

AMPX

APOG

GRFX

LASE

MNTS

NCNC

SPAI

UAVS

12 Industrials Stocks Moving In Friday's Intraday Session

JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) stock is trading higher on Friday following a report suggesting Spirit Airlines is considering filing for bankruptcy. 
What To Know: Back in January, a federal district court judge blocked a merger between JetBlue and Spirit, according to the <a href="https://www.wsj.com/articles/spirit-airlines-in-talks-with-bondholders-over-terms-of-potential-bankruptcy-filing-fdd23fae">Wall Street Journal</a>. Since then, the companies have abandoned the merger, reasoning that they likely could not overcome the legal and regulatory challenges.
Currently, Spirit is in talks with bondholders and creditors regarding support for a Chapter 11 bankruptcy filing. Raymond James analyst Savanthi Syth told Reuters, &#8220;We suspect Spirit should be able to renegotiate with creditors outside of bankruptcy.&#8221;
Additionally, Spirit is planning to cut its capacity by close to 20% during the fourth quarter and has already cut dozens of flights for November and December. The company has reported losses in nearly every quarter since February 2020, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
If Spirit declares bankruptcy, JetBlue, along with other airlines, may have the chance to purchase assets from the declining company at a discount. In addition, a Spirit bankruptcy would give JetBlue the chance to attract consumers looking for budget friendly options.
Lastly, a Spirit bankruptcy would leave consumers with one less option giving remaining airlines more pricing power, especially when it comes to key domestic flights. This could result in higher revenue per flight for the surviving airlines.
How To Buy JetBlue Stock
Besides going to a brokerage platform to purchase a share &#8211; or fractional share &#8211; of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument. 
For example, in JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>)'s case, it is in the Industrials sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.
See Also: <a href="https://www.benzinga.com/news/24/10/41156066/elon-musk-cant-contain-his-joy-after-california-deepfakes-law-supported-by-gavin-newsom-blocked-by-c">Elon Musk Can&#8217;t Contain His Joy After California Deepfakes Law Supported By Gavin Newsom Blocked By Court: &#8216;Yay!&#8217;</a>
JBLU Price Action: At the time of publication, JetBlue stock is moving 13.8% higher at $7.28, according to data from <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>.
Image: JetBlue Photo via Wikimedia

What's Going On With JetBlue Stock Friday?

High-rolling investors have positioned themselves bearish on JetBlue Airways (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in JBLU often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 8 options trades for JetBlue Airways. This is not a typical pattern.
The sentiment among these major traders is split, with 12% bullish and 50% bearish. Among all the options we identified, there was one put, amounting to $29,375, and 7 calls, totaling $337,995.
<h3>Projected Price Targets</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $4.0 and $7.5 for JetBlue Airways, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for JetBlue Airways's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across JetBlue Airways's significant trades, within a strike price range of $4.0 to $7.5, over the past month.
<h3>JetBlue Airways 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728053232_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>01/17/25</td>
<td>$2.78</td>
<td>$2.59</td>
<td>$2.69</td>
<td>$5.00</td>
<td>$80.7K</td>
<td>10.9K</td>
<td>419</td>
</tr>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>10/18/24</td>
<td>$3.65</td>
<td>$3.35</td>
<td>$3.5</td>
<td>$4.00</td>
<td>$70.0K</td>
<td>394</td>
<td>205</td>
</tr>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$0.13</td>
<td>$0.11</td>
<td>$0.12</td>
<td>$7.50</td>
<td>$68.5K</td>
<td>69</td>
<td>5.8K</td>
</tr>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$2.44</td>
<td>$2.21</td>
<td>$2.29</td>
<td>$7.00</td>
<td>$34.3K</td>
<td>1.4K</td>
<td>176</td>
</tr>
<tr>
<td>JBLU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$2.37</td>
<td>$2.27</td>
<td>$2.32</td>
<td>$5.50</td>
<td>$29.9K</td>
<td>2.2K</td>
<td>137</td>
</tr>
</tbody>
</table>

<h3>About JetBlue Airways</h3>
JetBlue Airways Corp is a low-cost airline that offers high-quality service, including assigned seating and in-flight entertainment. It served approximately 100 destinations in the United States, the Caribbean and Latin America, Canada, and England. The company currently operates Airbus A321, Airbus A320, Airbus A321neo, and Embraer E190 aircraft types. The operating segments of company are Domestic &amp; Canada, Caribbean &amp; Latin America and Atlantic. Majority of revenue is generated from Domestic &amp; Canada segment.
After a thorough review of the options trading surrounding JetBlue Airways, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of JetBlue Airways</h3>
<ul>
<li>With a volume of 14,042,197, the price of JBLU is up 13.93% at $7.28. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 25 days.</li>
</ul>
<h3>What The Experts Say On JetBlue Airways</h3>
Over the past month, 4 industry analysts have shared their insights on this stock, proposing an average target price of $5.75.
Unusual Options Activity Detected: Smart Money on the Move
Benzinga Edge's Unusual Options board spots potential market movers before they happen. See what positions big money is taking on your favorite stocks. <a href="https://www.benzinga.com/premium/ideas/benzinga-edge-checkout/?t=Be8be9arja3be22bz20&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Maintaining their stance, an analyst from TD Cowen continues to hold a Hold rating for JetBlue Airways, targeting a price of $6. 
&#x2A; An analyst from B of A Securities upgraded its action to Neutral with a price target of $6. 
&#x2A; An analyst from Citigroup persists with their Neutral rating on JetBlue Airways, maintaining a target price of $6. 
&#x2A; Maintaining their stance, an analyst from Evercore ISI Group continues to hold a In-Line rating for JetBlue Airways, targeting a price of $5. 
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for JetBlue Airways, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Decoding JetBlue Airways's Options Activity: What's the Big Picture?

U.S. stocks were higher, with the Dow Jones index gaining more than 50 points on Friday.
Shares of Apogee Enterprises, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APOG#NASDAQ">APOG</a>) rose sharply during Friday's session after the company reported better-than-expected second-quarter financial results and raised its FY25 adjusted EPS<a href="https://www.benzinga.com/news/earnings/24/10/41182821/architectural-services-company-apogee-smashes-q2-expectations-hikes-fy25-eps-outlook-despite-revenu"> guidance above estimates</a>.
Apogee Enterprises reported second-quarter sales of $342.4 million, beating the consensus estimate of $335.3 million. Adjusted EPS rose 5.9% Y/Y to $1.44, beating the consensus of $1.23.
Apogee Enterprises shares jumped 20.7% to $82.56 on Friday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Frontier Group Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULCC#NASDAQ">ULCC</a>) gained 20.6% to $6.02 following a report suggesting Spirit Airlines is considering filing for bankruptcy. The company, a budget airline, may see a rise in passengers due to a drop in competition.</li>
<li>JetBlue Airways Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JBLU#NASDAQ">JBLU</a>) surged 15% to $7.34 following a report suggesting Sprint Airlines is considering filing for bankruptcy. Earlier this year, a judge blocked a merger between the two companies because it could hurt competition and hike ticket prices.</li>
<li>LexinFintech Holdings Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LX#NASDAQ">LX</a>) surged 12.5% to $3.8250.</li>
<li>Capricor Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) gained 11.8% to $19.08 after the company announced it will present its long-term data from the HOPE-2 open-label extension study at the 2024 World Muscle Society Congress.</li>
<li>Arcadium Lithium plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALTM#NYSE">ALTM</a>) rose 10.5% to $3.0950.</li>
<li>Barnes Group Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/B#NYSE">B</a>) gained 10.3% to $44.22 following a report suggesting that Apollo Global Management is in talks to acquire the company.</li>
<li>JinkoSolar Holding Co., Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JKS#NYSE">JKS</a>) shares rose 10.3% to $28.84.</li>
<li>MINISO Group Holding Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MNSO#NASDAQ">MNSO</a>) gained 7.2% to $20.33 after Citigroup initiated coverage on the stock with a Buy rating and announced a price target of $26.8.</li>
<li>V.F. Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VFC#NYSE">VFC</a>) gained 6.6% to $20.81.</li>
<li>Abercrombie &amp; Fitch Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ANF#NYSE">ANF</a>) climbed 6% to $142.21.</li>
<li>United Airlines Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>) gained 5.1% to $58.48.</li>
</ul>
Now Read This: 
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41184411/this-morgan-stanley-analyst-turns-bullish-here-are-top-5-upgrades-for-friday">This Morgan Stanley Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday</a></li>
</ul>

Intraday Update

ALTM

CAPR

MNSO

Apogee Enterprises Posts Upbeat Earnings, Joins Frontier Group, JetBlue Airways And Other Big Stocks Moving Higher On Friday

JetBlue Airways ($JBLU) gained new favor among some investors late last week, but I question whether a best-case scenario for JetBlue already facto...

JetBlue Stock (JBLU): Blue-Sky Scenario Is Likely Already Priced In

Key takeaways from Delta's earnings report

Spirit Airlines: The Bankruptcy Silver Lining

CPI read: Airfares move higher in September to make it four months out of five

Airline stocks hit a 52-week high after solid results from United Airlines

Stocks are a mixed bag to end the week. The Dow Jones Industrial Average is cooling off from yesterday's record highs, down triple digits at its session lows.

Tech Sector Powering Nasdaq Once More

Spirit Airlines gets cash infusion by maxing out credit facility, shares soar 50% after hours

Citi raised the firm's price target on JetBlue (JBLU) to $7.75 from $6 and keeps a Neutral rating on the shares. The firm says the recent rallies i...

JetBlue price target raised to $7.75 from $6 at Citi

Frontier Group Holdings ($ULCC) has shown renewed interest in its merger with struggling ultra-low-cost carrier Spirit Airlines ($SAVE). The news s...

Frontier's Renewed Merger Interest Sends Spirit Airlines Shares Higher

Airlines earnings on the runway: Southwest Airlines, American Airlines Q3 preview

CRWD

FITB

ISRG

Press Releases

As Puerto Rico's Largest Airline, JetBlue Partners with Little Free Library® to Bring Beloved 'Soar with Reading' Initiative to the Island

JetBlue Skates into New Partnership with UBS Arena & the New York Islanders

JetBlue Flights from Boston to Presque Isle Take Off Today

Sean Menke Named to JetBlue's Board of Directors

JetBlue and Cape Air Enhance Long-Standing Codeshare with Loyalty Benefits

JetBlue Plans to Introduce Airport Lounges as It Expands Premium Offerings and Perks for Loyal Customers

Contracts

Aether Fuels Signs MOU with JetBlue

JetBlue Expands Caribbean Network with Flights to St. Vincent and the Grenadines Taking Off Today

JetBlue Announces Webcast of Third Quarter 2024 Earnings Conference Call

JetBlue Brings Annual "Fly Like a Girl" Event to Boston as Part of Commitment to New England

American Airlines Group, Inc. - Common Stock

American Airlines Gr

Allegiant Travel

Alaska Air Gr

Azul S.A. American Depositary Shares (each representing three preferred shares)

Azul

Blade Air Mobility, Inc. - Class A Common Stock

Blade Air Mobility

Copa Holdings

Delta Air Lines

flyExclusive

Joby Aviation

Jet AI

LATAM Airlines Group S.A. American Depositary Shares (each representing two thousand (2,000) shares of Common Stock)

LATAM Airlines Group

Southwest Airlines

Mesa Air Gr

Ryanair Holdings plc - American Depositary Shares, each representing five Ordinary Shares

Ryanair Hldgs

Spirit Airlines

SkyWest

Sun Country Airlines Holdings, Inc. - Common Stock

Sun Country Airlines

Volato Group

Surf Air Mobility

United Airlines Holdings, Inc. - Common Stock

United Airlines Holdings

Frontier Group Holdings, Inc. - Common Stock

Frontier Group Holdings

Wheels Up Experience Inc. Class A Common Stock

Wheels Up Experience

Controladora Vuela Compania de Aviacion, S.A.B. de C.V. American Depositary Shares, each representing ten (10) Ordinary Participation Certificates

Comments

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JetBlue Airways (JBLU) Opzioni

JetBlue Airways (NASDAQ:JBLU) Azioni, Catena delle Opzioni

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