5 Market-Moving Stocks to Watch on Monday

3. Spirit Airlines, Inc. (NYSE:SAVE) has tumbled 9.47% as of 10:56 AM ET after the company declined JetBlue’s $3.6 billion takeover bid. Spirit Airlines, Inc. (NYSE:SAVE) shared that it still thinks that the $2.9 billion Frontier Airlines’ bid is the best option to maximize the company’s value. In a letter issued on Monday, Spirit Airlines, Inc. (NYSE:SAVE) stated that “JetBlue’s offer is not reasonably capable of being consummated” and involved a high closing risk.

Spirit Airlines, Inc. (NYSE:SAVE) was held by 19 hedge funds at the end of Q4 2021, down from 21 in the preceding quarter.