A Delta Airlines Embraer ERJ 170-200 flies above Los Angeles International Airport on October 2, 2022 in Los Angeles, California.
AaronP/Bauer-Griffin | Gc Images | Good pictures
Check out the companies making the biggest moves of the afternoon:
SoFi Technologies – The fintech stock rose 6.09% after CEO Anthony Noto disclosed that he bought $5 million worth of common stock. The purchases were made through multiple trades from Friday to Tuesday, the filing said.
Charter Communications – Charter Communications fell 16.38% after CEO Chris Winfrey said at an investor event that the company would invest $5.5 billion over three years to upgrade its high-speed Internet network.
Tesla – Shares of the electric vehicle maker fell 2.58% after analyst calls for how the stock will perform in 2023. Morgan Stanley said it was a Auto select on top By 2023.
Plug power — Plug Power’s stock rose 7.80% UPS initiated coverage Stocks with a buy rating and price target can gain more than 80%. UBS said investors are underestimating the hydrogen fuel cell maker’s growth potential.
Delta Air Lines — Shares of the airline rose 2.79% after the company said it expects the travel boom has not ended. By 2023 revenue will almost double as a consequence. Delta predicts revenue to grow 15% to 20% in 2023.
Caesars entertainment, Penn Entertainment – Shares in Caesars fell 5.44% after casino operators, Penn lost 4.37%. Downgraded Neutral from buying through Bank of America. BofA is concerned about the flattening of gaming momentum.
Moderna – Shares of Moderna rose 5.78% following Tuesday’s 19.6% gain. The moves come after a successful study of a skin cancer treatment involving an experimental Moderna vaccine in combination with Merck’s cancer drug Keytruda.
Solar Edge – Solar later gained 2.43% is being improved Equal Weight to Overweight by Barclays. The company cited the company’s “pivot” toward Europe for its call, with more optimistic macro dynamics in Europe supporting SolarEdge’s ability to gain growth and market share.
Best buy – The electronics retailer fell 3.87% after Bank of America Stocks reduced Given a challenging environment, neutral to low performance is required.
Ring Central – Shares of RingCentral rose 7.42% after being upgraded from equal weight to overweight by Morgan Stanley. In its call, Morgan Stanley said the software company is undervalued.
Albemarle – Albemarle fell 5.36% in mid-day trading. On Tuesday, the lithium supplier said that Invest at least $180 million A technology park should be established in North Carolina.
Aspen Group — Shares of the online education company rose more than 26% early after Aspen reported better-than-expected quarterly revenue and improved profit margins. However, it posted a bigger-than-expected EPS quarterly loss. Shares reversed course in the afternoon and fell 22.24%.
APM Industries – APM fell 3.07% after providing an outlook for fiscal 2023 that fell below consensus estimates. However, the services provider posted better-than-expected profit and revenue in the fourth quarter of the fiscal year.
Datalog – Datatag shares up 0.97% after Oppenheimer Improved Beyond software stock performance, it says, “the task-intensive nature of its solutions gives Datatag relative flexibility during cost constraints.”
— CNBC’s Yun Li, Alex Haring, Samantha Subin, Sarah Min and Tanaya Machil contributed reporting.
Correction: An earlier version misstated the name of Charter Communications’ CEO.