CANO Stock Recent News

Shares of Cano Health Inc. CANO tumbled 50% after hours on Thursday after the primary-care provider and health-management platform said there was “substantial doubt” about its ability to keep operating, and that it was cutting staff and exploring interest in a sale. “Management has concluded that there is substantial doubt about the company's ability to continue as a going concern within one year” amid liquidity issues, the company said in its second-quarter earnings release.

Primary care provider Cano Health said on Thursday there is substantial doubt about the company's ability to continue as a going concern within one year, sending shares down 37.5% after the bell.

MIAMI , Aug. 9, 2023 /PRNewswire/ -- Cano Health, Inc. ("Cano Health" or the "Company") (NYSE: CANO), announced today that it has rescheduled its second quarter 2023 earnings release and conference call to tomorrow afternoon.  A press release with the business and financial results will be issued on Thursday, August 10, 2023 after the market closes, and the Company will host a conference call at 5:00 PM Eastern Time the same day to review its business and financial results.

Retail investors are on the prowl for the best penny stocks to invest in. We've touched on several unique trends currently influencing the stock market, including sentiment-driven sympathy trades.

Shares of Cano Health Inc. CANO, -3.85% jumped nearly 20% in the aftermarket Friday after the primary-care provider said that Chief Executive Marlow Hernandez has agreed to step down, effectively immediately. Hernandez will remain on the company's board of directors.

Cano Health is a beaten-down Health Care Facilities name with a concerning capital position. Free cash flow is expected to turn positive, however, and an important shareholder meeting could move the stock later this month. I have a buy rating for Cano Health on valuation and note important technical levels to monitor.

Penny stocks with unusual options activity today The post Penny Stocks To Buy Now? 3 To Watch In The Stock Market Today appeared first on Penny Stocks to Buy, Picks, News and Information | PennyStocks.com.

Cano Health, Inc. (NYSE:CANO ) Q1 2023 Earnings Conference Call May 9, 2023 5:00 PM ET Company Participants Marlow Hernandez - Chief Executive Officer Mark Kent - Chief Strategy Officer Bob Camerlinck - Chief Operating Officer Brian Koppy - Chief Financial Officer Conference Call Participants Ben Rosssi - Citi Jailendra Singh - Truist Securities Brian Tanquilut - Jefferies A.J. Rice - Credit Suisse Operator Please standby.

Cano Health, Inc. (CANO) came out with a quarterly loss of $0.12 per share versus the Zacks Consensus Estimate of a loss of $0.14. This compares to loss of $0.07 per share a year ago.

Growing patient volumes, admissions, health awareness and technological improvement in the first quarter are likely to have aided healthcare players like Humana (HUM), Viatris (VTRS), agilon health (AGL) and Cano Health (CANO).