Intuit (INTU) shares were down about 8.5% in Tuesday trading after Goldman Sachs downgraded the stock to sell from neutral and cut its price target to $276 from $519.
Trading volume stood at more than 5.2 million shares, compared with a daily average of about 4.1 million.
Price: $323.57, Change: $-30.19, Percent Change: -8.53%
Shake Shack (SHAK) shares were down over 7% in Tuesday trading after the company cut its fiscal Q2 revenue and fiscal 2026 net income guidance.The company now expects fiscal Q2 revenue between $415 million and $420 million, down from prior guidance of $424 million to $428 million.Analysts polled by FactSet expect $421.4 million.For fiscal 2026, Shake Shack expects net income between $45 million and $55 million, compared with previous guidance of $50 million to $60 million.Analysts surveyed by FactSet expect $52.5 million.Price: $57.08, Change: $-5.14, Percent Change: -8.26%
Microsoft (MSFT) on Tuesday introduced an updated quantum-computing chip it hopes can set up a commercially useful machine by 2029.Majorana 2 boasts 1,000 times longer quantum state that the prior generation for more reliable computation and offers qubit lifetime of 20 seconds, the company said.Price: $442.45, Change: $-18.08, Percent Change: -3.92%
BP (BP) held advanced talks to sell its UK North Sea assets to Ithaca Energy in a nearly 2 billion British pounds ($2.7 billion) deal, though negotiations failed in recent weeks, with the oil major still exploring a sale to other potential buyers, the Financial Times reported Tuesday, citing people familiar with the matter.BP's UK North Sea fields produce around 120,000 barrels per day out of the company's 2.3 million total, and it already jointly operates the Vorlich oilfield with Ithaca, a subsidiary of Israel's Delek Group.The potential sale is part of BP's broader restructuring under new CEO Meg O'Neill, who has pledged $20 billion in divestments by 2027 under pressure from activist hedge fund Elliott Management, according to the report.BP did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $43.41, Change: $+0.47, Percent Change: +1.08%