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 expects revenue of $926 million to $932 million, about in line with a StreetAccount estimate. However, it also sees operating income between $58 million and $64 million. That’s below an estimate of $67.8 million. Mohawk Industries — Shares popped more than 5% after Deutsche Bank upgraded the flooring manufacturer to buy from neutral following the release of its fourth-quarter earnings results. Analyst Joe Ahlersmeyer said he expects “risk-reward has improved enough to support a Buy on the stock,” citing demand that should inflect in the second half of…
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