Updated from 11:26 a.m. EDT

Galyans Trading

(GLYN)

topped the list of

Nasdaq

percentage gainers Tuesday after the company agreed to be acquired by

Dick's Sporting Goods

(DKS) - Get Report

for about $305 million in cash, or $16.75 a share. The price represents a 50.9% premium over Monday's closing price of $11.10.

Shares of Galyans traded up $5.58, or 50.3%, to $16.68 on volume of 9.9 million shares. Dick's Sporting Goods traded up $5.70, or 19.9%, to $34.30 on volume of 4.3 million shares.

Shares of

World Wrestling Entertainment

(WWE) - Get Report

slumped after the company reported strong fourth-quarter earnings but warned that 2005 results would be below expectations. WWE reported fourth-quarter earnings of 28 cents a share on sales of $126.7 million.

Analysts were looking for the company to earn 19 cents a share on sales of $123.6 million. Looking ahead, WWE forecasted earnings of 46 cents to 50 cents a share on sales of $345 million to $365 million. Analysts had been expecting the company to earn 61 cents a share on sales of $370.8 million. Shares of World Wrestling Entertainment traded down 90 cents, or 6.7%, to $12.50.

Jackson Hewitt Tax Service

(JTX)

, a subsidiary of

Cendant

(CD)

, rose after the company priced 37.5 million shares at $17 a share, below its expected range of $18 to $20 a share. Goldman Sachs and J.P. Morgan Securities acted as co-managers of the offering. Shares of Jackson Hewitt traded up 25 cents, or 1.5%, to $17.25.

Shares of

Goldman Sachs

(GS) - Get Report

traded up Tuesday in active trading after the investment banker reported strong second-quarter earnings and sales. Goldman reported earnings of $2.31 a share on revenue of $5.51 billion. Analysts were looking for the company to earn $1.95 a share on revenue of $4.98 billion. Shares of Goldman Sachs traded up $1.81, or 2%, to $90.60 on volume of 8.2 million shares.

NYSE

volume leaders included

Lucent

(LU)

, up 19 cents to $3.71;

Nortel

(NT)

, up 5 cents to $4.59;

General Electric

(GE) - Get Report

, up 25 cents to $32.85; and

Time Warner

(TWX)

, down 22 cents to $17.34.

Nasdaq volume leaders included

Microsoft

(MSFT) - Get Report

, down 6 cents to $28.29;

JDS Uniphase

(JDSU)

up 38 cents to $3.58;

Oracle

(ORCL) - Get Report

, down 3 cents to $11.12;

Cisco Systems

(CSCO) - Get Report

, up 35 cents to $23.22; and

Sirius Satellite Radio

(SIRI) - Get Report

, unchanged at $3.