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Top Midday Decliners

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IBM's (IBM) shares sank 25%, the steepest decline on the Dow and the S&P 500, after the tech giant issued Tuesday Q2 guidance below Wall Street expectations.

More than 48.8 million shares of the company traded intraday compared with a daily average of about 9.11 million.

Jet.AI (JTAI) has entered into a non-binding letter of intent for a proposed business combination with a privately held operating company for a proposed $320 million enterprise value, the company said Tuesday.

Shares plunged 21% as intraday trading volume surged to over 1.20 million from the stock's daily average of about 274,000.

HCA Healthcare (HCA) lowered its 2026 adjusted diluted EPS guidance on Tuesday. Stephens cut the company's price target to $480 from $500, while keeping its overweight rating.

HCA shares slumped 7%, with intraday trading volume at more than 3.04 million versus the stock's daily average of about 1.54 million.

Price: $217.46, Change: $-72.78, Percent Change: -25.07%

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Erasca Plans $500 Million Underwritten Offering of Common Stock

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