Check out the companies making headlines in midday trading. Bath & Body Works – Shares of Bath & Body Works sank 14% and headed for their worst day since 2021. The retailer beat first-quarter earnings and revenue estimates but offered disappointing second-quarter guidance. Bath & Body Works expects earnings to range between 31 cents and 36 cents a share, behind a FactSet estimate of 38 cents per share. Carnival – Shares popped 4.
Maxeon Solar Technologies — Goldman Sachs downgraded Maxeon Solar and slashed its price target to $1 on Tuesday, leading shares to drop about 5%. Existing shares will likely be diluted as the company undergoes debt restructuring and relies on an equity investment from its largest shareholder, TZE, to shore up its liquidity, Goldman said. Energy stocks – A slump in oil prices pressured energy stocks Tuesday after OPEC+ announced plans to phase out 2.
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