Check out the companies making headlines in midday trading. New York Community Bancorp — The regional bank added 3.1%, building on its sharp gains from Friday when the stock rallied after an influx of insider buying. Bank of America also reiterated its neutral rating on Monday, while noting that leadership has “the playbook to turn things around.” Diamondback Energy — The shale producer jumped 10.1% after announcing its purchase of Endeavor Energy, the biggest private company that produces natural resources from the Permian Basin. The deal, consisting of both cash and stock, is valued at $26 billion with debt factored in. CymaBay Therapeutics , Gilead — Shares of CymaBay soared 25% after Gilead agreed to buy the drug developer. The deal comes as Gilead, whose shares were up under 1% in Monday’s session, looks to expand beyond HIV drugs. VF Corp . — The clothing maker traded 11.5% higher after Reuters reported that a member of the company’s founding family said they support activist investor Engaged Capital. Elsewhere, CEO Bracken Darrell disclosed a purchase of 65,000 shares of the North Face parent. Trimble — Shares rose 3.1% after the technology company reported better-than-expected fourth-quarter earnings, which helped investors overlook weaker-than-expected guidance for the current period. Monday.com — The Israel-based software company dropped 9% on the back of mixed full-year guidance. Monday.com …
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[mwai_chat context=”Let’s have a discussion about this article:nnCheck out the companies making headlines in midday trading. New York Community Bancorp — The regional bank added 3.1%, building on its sharp gains from Friday when the stock rallied after an influx of insider buying. Bank of America also reiterated its neutral rating on Monday, while noting that leadership has “the playbook to turn things around.” Diamondback Energy — The shale producer jumped 10.1% after announcing its purchase of Endeavor Energy, the biggest private company that produces natural resources from the Permian Basin. The deal, consisting of both cash and stock, is valued at $26 billion with debt factored in. CymaBay Therapeutics , Gilead — Shares of CymaBay soared 25% after Gilead agreed to buy the drug developer. The deal comes as Gilead, whose shares were up under 1% in Monday’s session, looks to expand beyond HIV drugs. VF Corp . — The clothing maker traded 11.5% higher after Reuters reported that a member of the company’s founding family said they support activist investor Engaged Capital. Elsewhere, CEO Bracken Darrell disclosed a purchase of 65,000 shares of the North Face parent. Trimble — Shares rose 3.1% after the technology company reported better-than-expected fourth-quarter earnings, which helped investors overlook weaker-than-expected guidance for the current period. Monday.com — The Israel-based software company dropped 9% on the back of mixed full-year guidance. Monday.com …nnDiscussion:nn” ai_name=”RocketNews AI: ” start_sentence=”Can I tell you more about this article?” text_input_placeholder=”Type ‘Yes'”]
