Movers: Delta Air, JetBlue, Lennar, Netflix, Roblox, Tesla

Scott Peters
15 Dec, 2022
New York City

Tesla Inc inched up 0.5% to $157.44 after chief executive officer Elon Musk sold 22 million shares between Monday and Wednesday this week, according to a regulatory filing with the Securities and Exchange Commission. 

Musk still holds 424 million shares in the electric vehicle maker, excluding management options, of the 3.15 billion outstanding shares. 

Lennar Corp declined 0.6% to $90.35 after the Miami, Florida-based home builder said revenue in the fiscal fourth quarter ending in November increased 21% to $10.2 billion from $8.4 billion a year ago. 

Net income in the fourth quarter increased to $1.3 billion or $4.55 a share from $1.2 billion or $3.91 a share in the quarter a year ago. 

Homes delivered increased 13% to 20,064 and new home orders decreased 15% to 13,200 and new orders dollar value decreased 24% to $5.5 billion. 

Netflix Inc fell 8.8% to $290.23 after a report from Digiday highlighted early struggles of the company's ad-supported streaming service.

The report quoting advertising executives noted that the company is struggling to deliver the audience it promised and has lowered its ad rate to $55 per thousand impressions from $65 rate. 

JetBlue Airways Corporation dropped 2.1% to $6.86 and extended this week[s losses to 15% after the airline said on Tuesday its December traffic is below its expectations. 

Delta Air Lines fell 2.7% to $33.40 following a sharp jump in the stock in the previous session after the company cited robust demand of air travel services. 

Roblox Corp plunged 16.5% to $27.67 after the video game company said daily active users in November rose 15% to 56.7 million, slower than 35% growth in the year ago month. 

The company said revenue or bookings in November increased between 5% and 7% to between $222 million and $225 million, slower than 22% to 24% increase in the month a year ago. 

The company blamed the weakness on the strength of the U.S. dollar and macroeconomic environment.