01:38 PM EDT, 07/23/2026 (MT Newswires) -- Albertsons ( ACI ) shares slumped amid heavy trading after the grocery chain lowered its fiscal 2026 earnings and identical sales outlook and reported weaker-than-expected Q1 profit on Thursday.

Shares slumped 23% as intraday trading volume catapulted to over 31.3 million from a daily average of about 6.88 million.

Tesla (TSLA) shares dropped 14% amid heavy trading after the firm reported a steeper-than-expected drop in Q2 adjusted earnings late Wednesday.

Gross and operating margins missed consensus "considerably," and "more important aspects are an increase in capital investments and operating expenses related to the AI transition," Truist Securities said in a note. Free cash flow turned negative in Q2, with an outflow of $1.1 billion.

More than 75.7 million shares of the company traded intraday compared with a daily average of about 47.3 million.

The European Commission fined Alphabet's (GOOG, GOOGL) Google ( GOOG ) 890 million euros ($1.04 billion) after the company violated the Digital Markets Act through self-preferencing in Google Search and anti-steering practices on Google Play.

Shares declined 6.4% as intraday trading volume jumped to over 31.7 million from the stock's daily average of about 22.0 million.

Price: 11.27, Change: -3.34, Percent Change: -22.84