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Top Midday Gainers

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AstroNova (ALOT) signed an agreement to be acquired by Arcline Investment Management for $29 per share in an all-cash deal with an enterprise value of about $272 million, it said Wednesday.

Shares surged 70% as intraday trading volume jumped to over 1.77 million from a daily average of about 56,000.

uniQure's (QURE) shares soared 75% amid heavy trading after the company said Wednesday it intends to submit a Biologics License Application for the accelerated approval of AMT-130 to treat Huntington's disease in Q3.

Intraday trading volume climbed to more than 13.8 million from a daily average of roughly 1.75 million.

La-Z-Boy's (LZB) reported overnight a year-over-year gain in fiscal Q4 earnings and said it expects sales to outperform the industry in the ongoing quarter.

Shares jumped past 19% following an increase in intraday trading volume to over 1.77 million from a daily average of about 413,000.

Price: $28.35, Change: $+11.66, Percent Change: +69.88%

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Sector Update: Consumer

Consumer stocks edged up late Tuesday afternoon, with the State Street Consumer Staples Select Sector SPDR ETF (XLP) and the State Street Consumer Discretionary Select Sector SPDR ETF (XLY) each fractionally higher.In corporate news, Rivian Automotive (RIVN) laid off hundreds of employees, or under 2% of its workforce, Tuesday, the Wall Street Journal reported, citing a company spokesperson. The layoffs affected workers in the electric-vehicle maker's service and customer organization, the report said. Rivian shares fell 4.3%.

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