CANO Stock Recent News

Penny stocks, often priced under $1, have long been the allure for many investors seeking high-risk, high-reward opportunities. These stocks, typically from smaller companies, offer the tantalizing possibility of significant returns.

Markets were mixed on Friday. Arco Platforms accepted an upgraded offer to go private.

Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.

Cano Health isn't sure it can continue as a going concern for another year. The company is exiting several markets, cutting staff, and looking for a buyer.

Wall Street is asleep at the wheel today, with the producer price index (PPI)  barely making a dent, and no big earnings reports to unpack.

Cano Health (NYSE: CANO ) stock is taking a beating on Friday after the healthcare company provided a business update in its latest earnings report. The big news here is Cano Health announcing its plan to explore strategic alternatives.

Citi analysts downgraded the company's shares to Neutral from Buy, citing many challenges for the primary-care provider.

Archer Aviation Inc.‘s stock ACHR, +1.22% jumped more than 23% ahead of Friday's market open after Boeing Co. BA, +0.17% invested an undisclosed amount in the air-taxi company.

Cano Health, Inc. (NYSE:CANO ) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants Mark Kent - Interim CEO Brian Koppy - CFO Conference Call Participants A.J. Rice - Credit Suisse Josh Raskin - Nephron Research Andrew Mak - UBS Parker Snure - Raymond James Gary Taylor - Cowen Jessica Tassan - Piper Sandler Operator Good afternoon, and welcome to Cano Health's Second Quarter 2023 Earnings Call.

Cano Health, Inc. (CANO) came out with a quarterly loss of $0.28 per share versus the Zacks Consensus Estimate of a loss of $0.09. This compares to loss of $0.03 per share a year ago.