Nov 6, 2013

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Hot Movers: ENGlobal (NYSE:ENG) and Freeseas (NASDAQ:FREE), DryShips Inc. (NASDAQ:DRYS), AK Steel Holding Corporation (NYSE:AKS)

Hot Movers: ENGlobal (NYSE:ENG) and Freeseas (NASDAQ:FREE), DryShips Inc. (NASDAQ:DRYS), AK Steel Holding Corporation (NYSE:AKS)

Freeseas (NASDAQ:FREE) inks definitive deal for $10 million investment. The company declares that it has entered into a definitive agreement with Crede CG III, a wholly-owned subsidiary of Crede Capital Group, LLC, for an investment of $10 million through the private placement of two series of zero-dividend convertible preferred stock and Series A and B Warrants, subject to certain terms and conditions.

DryShips Inc. (NASDAQ:DRYS) shares have gained 2.61% to $3.16. Over the last twelve months, the stock has gained 38.65% and past five days performance showed positive change of 16.77%. The stock daily volume was 6.19M as compared to average volume of 16.61M.

DryShips Inc. (DryShips) is a holding company engaged in the ocean transportation services of drybulk cargoes and crude oil worldwide through the ownership and operation of drybulk carrier vessels and oil tankers and offshore drilling services through the ownership and operation of ultra-deepwater drilling units.

AK Steel Holding Corporation (NYSE:AKS) shares have gained 11.09% to $5.11. Over the last twelve months, the stock has lost -3.05% and past five days performance showed positive change of 21.77%. The stock daily volume was 11.30M as compared to average volume of 5.09M.

AK Steel Holding Corporation (AK Holding) is an integrated producer of flat-rolled carbon, stainless and electrical steels and tubular products through its wholly-owned subsidiary, AK Steel Corporation (AK Steel and, together with AK Holding, the Company).

ENGlobal (NYSE:ENG) announced that its subsidiary, ENGlobal Government Services, has been awarded an additional delivery order on one of its existing multi-year contracts from the U.S. Department of Defense.

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