$LAKE

Top Midday Gainers

Solidion Technology (STI) has decided against a previously planned offering and has withdrawn its previously filed registration statement on Form S-1 with the US Securities and Exchange Commission, the company said Wednesday.Shares jumped 29% following an increase in intraday trading volume to almost 3.81 million from a daily average of about 2.56 million.Lakeland Industries (LAKE) shares surged 19% amid heavy trading after the company unexpectedly swung into the black in fiscal Q1 late Tuesday.More than 560,000 shares of the company traded intraday compared with a daily average of about 101,000.Needham initiated Hyliion (HYLN) with a buy rating and set a $9 price target on its shares.Shares of Hyliion were up 9.8% amid a surge in intraday trading volume to nearly 4.69 million from a daily average of roughly 2.96 million.Price: $26.30, Change: $+5.83, Percent Change: +28.48%

Update: Lakeland Industries Swings to Fiscal Q1 Earnings, Revenue Rises; Shares Jump Premarket

(Updates with the stock move in the headline and the first paragraph.)Lakeland Industries (LAKE) shares were up over 7% in Wednesday's premarket activity after the company unexpectedly swung into the black in fiscal Q1.The company reported fiscal Q1 net income late Tuesday of $0.04 per diluted share, swinging from a loss of $0.41 a year earlier.Four analysts polled by FactSet expected a loss of $0.16.Revenue for the quarter ended April 30 was $47.4 million, up from $46.7 million a year earlier.Four analysts polled by FactSet expected $47.4 million.Price: $10.22, Change: $+0.68, Percent Change: +7.14%

DA Davidson Upgrades Lakeland Industries to Buy From Neutral, Lifts Price Target to $14 From $10