Check out the companies that are trending in intraday trading. New York Community Bancorp — The local bank ended almost flat. Shares were rising in early trading, building on a strong rally from Friday, when the stock rose on an influx of insider buying. Bank of America also reiterated its neutral rating on Monday, but noted that leadership has a “strategy to turn things around.” Diamondback Energy — The shale producer soared 9.4% after announcing its acquisition of Endeavor Energy, the largest private company producing natural resources from the Permian Basin. The deal is comprised of both cash and stock and is valued at $26 billion, including debt. CymaBay Therapeutics, Gilead — CymaBay stock soared 25.4% after Gilead agreed to acquire the drug development company. The deal comes as Gilead, whose stock rose about 1% in Monday trading, seeks to expand beyond HIV drugs. VF Inc. — The clothing maker rose 14% after Reuters reported that the company’s founding family said it supported activist investor Engaged Capital. Elsewhere, CEO Bracken Darrell revealed he has purchased 65,000 shares of North Face’s parent company. TRIMBLE — Shares rose 4.2% after the technology company reported better-than-expected fourth-quarter profits, prompting investors to overlook the current period’s weaker-than-expected outlook. Monday.com — The Israel-based software company fell 10.1% following a mixed full-year outlook. Monday.com expects sales to range from $926 million to $932 million, roughly in line with StreetAccount’s forecast. However, it expects operating income to be between $58 million and $64 million. This is lower than the expected $67.8 million. Mohawk Industries — Shares soared 6.6% after Deutsche Bank upgraded the flooring maker to neutral buy following the release of fourth-quarter results. Analyst Joe Ahlersmeyer said he expects demand to be reflected in the second half of the year and expects “risk-reward to improve enough to support a buy in the stock.” . Rocket Lab — Shares soared 8.8% on him after Citi initiated coverage with a buy rating. Citi said that while the liquidity situation is improving, the recent agreement with the Space Exploration Agency suggests that government efforts will further intensify. Teva Pharmaceuticals — Shares rose 7.5% after Piper Sandler upgraded the company from neutral to overweight. Piper Sandler said Teva’s stock price should recover and expand given the company’s improved brand portfolio and capital structure. Lowe’s — Home improvement store shares rose 3.4% after JPMorgan upgraded the stock to overweight from neutral. JPMorgan said Lowe’s should be supported as mortgage rates fall with expected rate cuts. MARQUETA — Credit card technology shares rose 5.7% after Bank of America upgraded the stock to buy from neutral. The bank said the recent correction in Marketa shares was too strong. Big Lots — Shares plunged 28% after Loop Capital downgraded the stock from hold to sell. Roop said the retailer was losing recognition among consumers and its financial position was deteriorating. The company also reaffirmed its fourth-quarter outlook for same-store sales. Nvidia — The stock price rose slightly, at one point pushing the chipmaker’s market cap to about $1.819 trillion. That’s slightly more than Amazon’s $1.8 trillion valuation. — CNBC’s Samantha Subin and Sara Ming contributed reporting.
NYCB, FANG, VFC, etc.
