Afternoon Movers; All Sectors Higher

Magma Design Automation LAVA +25.2% after news that it will be acquired by Synopsys

La-Z-Boy Inc LZB +17.2% on positive Q2 earnings

Clearwire CLWR +16.3% after announcing a network-sharing agreement with Sprint valued at $1.6B

Gildan Activewear GIL -31.2% after posting poor Q1 guidance, projecting significant a loss per share

Barnes & Noble BKS -16.9% after releasing a poor earnings release

Finisar Corp FNSR -12.5% on poor earnings and guidance releases