Spirit Airlines announced it is shifting its common stock to the New York Stock Exchange from the NASDAQ.
It is a move to boost investor value said airline CEO Robert Fornaro.
Spirit’s board of directors determined that the transfer would be in the best interests of its stockholders.
The transfer will take place by December 28, 2017, when trading will open on the NYSE.
It will keep its ‘SAVE’ ticker symbol after the transition and Spirit shares are still open for trading on the NASDAQ for the time being.
"We are delighted to welcome Spirit Airlines to the NYSE community – a company that truly understands the meaning of value," said Tom Farley, NYSE president.
"We look forward to joining the collection of preeminent companies listed on the exchange as we continue to focus on generating long-term value for our shareholders," Fornaro said.
