Ruby Tuesday's Stock Extends Bounce After Tesla Supercharger Station Plans

By Markets MarketWatch Pulse

Ruby Tuesday Inc.'s stock climbed 0.8% in morning trade Thursday, extending its bounce off Tuesday's seven-year closing low, after the company announced a partnership with Tesla Motors Inc. to open supercharger stations. The restaurant chain said the first station was opened recently at a Ruby Tuesday restaurant in Miner, Mo., with additional stations at other locations under construction or in planning stages. "Expanding the Supercharger network to include Ruby Tuesday is good for both Tesla owners and our restaurants alike," said Chief Marketing Officer David Skena. The stock has now gained 3.4% since closing Tuesday at $3.51, which was the lowest closing level since April 1, 2009. It has tumbled 34% year to date, while the S&P 500 has gained 1.5%. Tesla's stock tacked on 0.9% on Thursday.

Continue Reading Below

Copyright © 2016 MarketWatch, Inc.