Company News for Feb 13, 2024

C GILD FANG JOBY

  • Diamondback Energy, Inc. (FANG) shares jumped 9.4% after the company made an announcement of its merger agreement with Endeavor Energy Resources valued at $26 billion, including debt.
  • Shares of Joby Aviation, Inc. (JOBY) climbed 6.4% after the company made an announcement of a partnership deal with the government of Dubai to initiate their aerial ridesharing service in the city by early 2026.
  • Citigroup Inc. (C) shares fell 0.1% after federal regulators instructed the bank to implement adjustments to its risk-management protocol.
  • CymaBay Therapeutics, Inc. (CBAY) shares surged 25.4% following Gilead Sciences, Inc.’s (GILD) announcement of its intention to acquire the liver disease drugmaker for $4.3 billion.

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