Morning Market Movers (CYAN, FDO, RCKY, LZB)

Cyanotech Corporation CYAN gained 65.27% to $4.33 at 10:00 am. University of California Davis research study indicated that CYAN's Spirulina Pacifica may improve immune function and ameliorate anemia in persons over age 50. Family Dollar Stores Inc FDO shares surged 24.20% to $54.60. Trian Fund Management's head Nelson Peltz offered $55 to $60 per share in cash to acquire FDO for $55 to $60 per share. Rocky Brands Inc RCKY advanced 18.86% to $15.00. RCKY reported upbeat Q4 earnings and revenue. La-Z-Boy Incorporated LZB shares jumped 17.75% to $9.75. LZB reported better-than-expected Q3 earnings. Read more from Benzinga's Markets.