Movers roundup: Tesla, Joe's Jeans

Movers roundup: Tesla shares fall on analyst note; Joe's Jeans shares fall on earnings

Associated Press

Among the stock activity stories for Tuesday, July 16, from AP Business News:

— Shares of Tesla Motors Inc. fell on worries about just how much the electric car company's sales can grow. In a note to investors looking at the overall automotive industry, Goldman Sachs analyst Patrick Archambault set a price target for Tesla stock of $84, well below the $127.26 the shares closed at on Monday.

— Shares of Forest Oil Corp. continued to climb on the company's plans to sell more of its oil and gas assets in Texas.

— Joe's Jeans Inc. shares sank after the company reported a disappointing second-quarter profit and announced plans to acquire rival jeans maker Hudson Clothing.

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