All articles tagged with #cano health
Cano Health's stock plummeted by 65% after the primary-care provider issued an earnings warning and expressed concerns about its ability to continue as a "going concern." The company is now actively seeking buyers to sell the company.
Cano Health, Maxeon Solar, IonQ, Archer Aviation, and Lucid are among the stocks that are making significant moves in the stock market today.
Cano Health's stock surged 40% after three former directors, including billionaire Barry Sternlicht, announced a group to pursue changes at the company, including the replacement of the CEO and sale of non-core assets. The group owns a 35.7% interest in Cano Health. Sternlicht cited poor corporate governance, deteriorating financial performance, and falling share price as reasons for his resignation from the board. Cano disputed Sternlicht's claims and expressed disappointment over the recent resignation of three directors. The push for asset sales comes after reports last year that CVS was interested in an acquisition of Cano.