Spirit Airlines (SAVE) saw its stock plunge by 40% in premarket trading as reports surfaced about the carrier exploring a potential bankruptcy filing. This comes after the failure of a $3.8 billion merger with JetBlue Airways (JBLU). Spirit is reportedly in talks with bondholders about a chapter 11 filing and is also looking to restructure its balance sheet as it grapples with $3.3 billion in debt, including $1.1 billion of secured bonds due within a year. The airline reported a significant second-quarter loss of $192.9 million and has furloughed hundreds of pilots.
Medical Device Stocks Poised for Growth
According to TipRanks, medical device companies are showing strong growth potential. Analyst Kyle Bauser highlighted two stocks, InfuSystem Holdings (INFU) and Tactile Systems Technology (TCMD), as top picks. These companies are expected to benefit from the rising global demand for healthcare innovations. Bauser predicts growth of at least 60% for both companies, supported by positive reviews from other analysts.
Hyundai Seeks $19 Billion Valuation in India’s Biggest IPO
Hyundai Motor Co. is reportedly seeking a $19 billion valuation for the IPO of its India unit, which could become the country's largest listing. Hyundai aims to raise around $3.3 billion by selling a 17.5% stake, with the IPO expected to occur in Mumbai on October 22. The listing is drawing interest from both foreign and local institutional investors.
Medical Device Stocks Poised for Growth
According to TipRanks, medical device companies are showing strong growth potential. Analyst Kyle Bauser highlighted two stocks, InfuSystem Holdings (INFU) and Tactile Systems Technology (TCMD), as top picks. These companies are expected to benefit from the rising global demand for healthcare innovations. Bauser predicts growth of at least 60% for both companies, supported by positive reviews from other analysts.
Hyundai Seeks $19 Billion Valuation in India’s Biggest IPO
Hyundai Motor Co. is reportedly seeking a $19 billion valuation for the IPO of its India unit, which could become the country's largest listing. Hyundai aims to raise around $3.3 billion by selling a 17.5% stake, with the IPO expected to occur in Mumbai on October 22. The listing is drawing interest from both foreign and local institutional investors.