menu search

CANO / Cano Health stock rebounds with 40% pop after former director says he and others agreed ‘to pursue change'

Cano Health stock rebounds with 40% pop after former director says he and others agreed ‘to pursue change'
Shares of Cano Health Inc. CANO, +42.87% were up more than 40% in afternoon trading Monday after Barry Sternlicht, a former board director, disclosed in a 13D filing with the Securities and Exchange Commission that he, two others who recently left Cano's board, and certain of their affiliates have entered into an agreement “to act together to pursue change” at the company, “including, but not limited to, the replacement of the CEO, sale of non-core assets and enhancement of shareholder value.” Sternlicht, Elliot Cooperstone and Lewis Gold, who all resigned from Cano's board Thursday, have a combined voting power of about 35.7%, according to the filing. Read More
Posted: Apr 3 2023, 15:36
Author Name: Market Watch
Views: 082943

CANO News  

CANO Stock Alert: Cano Health Undergoes 1-for-100 Reverse Stock Split

By InvestorPlace
November 3, 2023

CANO Stock Alert: Cano Health Undergoes 1-for-100 Reverse Stock Split

Despite a seemingly positive move on paper, Cano Health (NYSE: CANO ) — which provides value-based primary care for seniors — only saw a modest bl more_horizontal

Why Cano Health Stock Slid by Nearly 3% on Tuesday

By The Motley Fool
September 12, 2023

Why Cano Health Stock Slid by Nearly 3% on Tuesday

As if it didn't have enough problems, the company received a delisting warning from its exchange. It now has six months to regain compliance with New more_horizontal

Cano Health Warns it May Not Be Able to Stay in Business, Looks for Buyer

By Investopedia
August 11, 2023

Cano Health Warns it May Not Be Able to Stay in Business, Looks for Buyer

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 loo more_horizontal

Why Cano Health Stock Is Crashing Today

By The Motley Fool
August 11, 2023

Why Cano Health Stock Is Crashing Today

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 b more_horizontal

2 Healthcare Stocks Sinking Today

By Schaeffers Research
August 11, 2023

2 Healthcare Stocks Sinking Today

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. more_horizontal

Why Is Cano Health (CANO) Stock Down 48% Today?

By InvestorPlace
August 11, 2023

Why Is Cano Health (CANO) Stock Down 48% Today?

Cano Health (NYSE: CANO ) stock is taking a beating on Friday after the healthcare company provided a business update in its latest earnings report. more_horizontal

Cano Health Stock Dives 49% After Warning About Its Future

By Barrons
August 11, 2023

Cano Health Stock Dives 49% After Warning About Its Future

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

Cano Health, Inc. (CANO) Q2 2023 Earnings Call Transcript

By Seeking Alpha
August 10, 2023

Cano Health, Inc. (CANO) Q2 2023 Earnings Call Transcript

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 - more_horizontal


Search within

Pages Search Results: