Movers: Aspen Group, Charter Communications, Delta Air, SoFi Technologies, Tesla

Scott Peters
14 Dec, 2022
New York City

Delta Air Lines, Inc gained 2.9% to $34.34 after the company said demand for air travel remains strong and lifted its annual views. 

For 2022, the airline estimated revenue between $45.5 billion and $45.6 billion and earnings per share between $3.07 and $3.12.

The company also estimated 2023 revenue to increase between 15% and 20% and earnings per share to fall between $5.0 and $6.05 and free cash flow to surpass  $2.0 billion. 

Aspen Group Inc increased 32% to 46 cents after the online education company reported better-than-expected quarterly results. 

Revenue in the fiscal year second quarter 2023 ending in October declined to $17.1 million from $18.9 million a year ago. 

Net loss in the quarter shrank to $2.3 million from $2.9 million or diluted loss per share fell to 9 cents from 11 cents a year ago. 

SoFi Technologies Inc increased 5.9% to $4.70 after chief executive Anthony Noto purchased $5 million of company stock in the last three trading days according to a regulatory filing with the SEC. 

Tesla Inc declined 2.8% to $156.32 on the worries that slower reopening of China's economy may limit expensive vehicle sales. 

Moreover, Goldman Sachs lowered its price target on the electric vehicle maker's stock to $235 from $305 and the estimated fourth quarter deliveries of 420,000 from the previous estimate of 440,000. 

Tesla delivered 343,830 vehicles in the third quarter. 

Charter Communication Inc dropped 16.3% to $330.26 on the worries that capital expenses may impact cash flow over the next three years. 

At an investor event, CEO Chris Winfrey said full year 2023 capital expenditures, excluding line extensions capital  expenditures, to be between $6.5 billion and $6.8 billion and additional $4.0 billion for line extensions.