Movers roundup: Hot Topic, AK Steel

Movers roundup: Hot Topic shares rise on higher 3Q net income; AK Steel fall on stock offering

Associated Press

Among the stock activity stories for Thursday, Nov. 15, from AP Business News:

— Shares of Hot Topic Inc. rose after the teen retailer reported a 38 percent jump in third-quarter net income, as improved merchandising and new fashions drew in more customers.

— Shares of Solazyme Inc. rose as the biofuels company announced deals with Bunge Ltd. and Archer-Daniels-Midland Co. Its third-quarter loss was also smaller than expected.

— Shares of AK Steel Holding Corp. tumbled close to a nine-year low, after the steel company priced an offering of its stock.

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