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Top related persons:
Deyonte Jahtori Anthony - 1 Auntie Anne's - 1 Anthony - 1 Anthony wasn't - 1 Anthony couldn't - 1 Cano - 1 Marlow Hernandez - 1 Pratik Jain - 1
Top related locs:
Wall Silicon North Carolina Bengaluru
Top related orgs:
Cano Health - 2 SEC - 1 Nvidia - 1 GameStop - 1 AMC - 1 Service - 1 AMC Entertainment - 1 Securities and Exchange Commission - 1

Search resuls for: "Cano Health"


13 mentions found


☆ A pretzel-shop worker committed a $1 million fraud to buy Tesla, GameStop, and Nvidia shares - and ended up making $7,000 for his broker, SEC says
  + stars: | 2023-08-29 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +4 min
A fast-food worker obtained $200,000 of advance credit by making bogus deposits, the SEC says. The Auntie Anne's employee piled the entire sum into Tesla, Nvidia, GameStop, AMC, and other stocks. His broker caught on and liquidated the holdings a day later, making a roughly $7,000 profit. The pretzel-shop worker piled about $85,000 into Apple, $78,000 into GameStop, $22,000 into Nvidia, $13,000 into AMC Entertainment, and $700 into Tesla. Tesla and Nvidia also have passionate fanbases who expect the pair to win big from the artificial-intelligence revolution.
Persons: Deyonte Jahtori Anthony, Auntie Anne's, Anthony, Anthony wasn't, Anthony couldn't Organizations: SEC, Nvidia, GameStop, AMC, Service, AMC Entertainment, Securities and Exchange Commission, Apple, Tesla, Cano Health, Electronic Arts, Resolute, Products, ETFMG, Security Locations: Wall, Silicon, North Carolina
☆ Cano Health sinks on raising going concern doubts; announces job cuts
  + stars: | 2023-08-10 | by ( ) www.reuters.com   time to read: +1 min
Aug 10 (Reuters) - Cano Health (CANO.N) said on Thursday there is substantial doubt about the company's ability to continue as a going concern within one year, sending shares down about 48% after the bell. Under its restructuring plan, the company expects to lower costs by reducing 17% of its current workforce, about 700 employees, in the third quarter of 2023. The company's medical cost ratio — or spending on claims as a percentage of premiums — rose to 103.5% in the quarter, compared with 82.6% a year earlier. Cano shareholders, including Cooperstone, Gold & Sternlicht, had issued an open letter in April highlighting an urgent need for leadership changes. The company's revenue for the quarter ended June 30 was $766.75 million, below analysts' average estimate of $828.44 million, according to Refinitiv data.
Persons: Cano, Marlow Hernandez, Pratik Jain, Shilpi Majumdar Organizations: Cano Health, Thomson Locations: Bengaluru
☆ Inflation takes a back seat to earnings next week as stocks look to bounce back
  + stars: | 2023-02-24 | by ( Matthew J. Belvedere | ) www.cnbc.com   time to read: +7 min
The latest Fed projection for the so-called terminal rate — the level where the rate hikes stop — was just over 5%. Before this past week, those intraday levels hadn't been seen since November 2022. ET: ISM Services Looking back January's hot reading on core PCE on Friday was the most influential economic number of the past week. In Club earnings this past week, Nvidia (NVDA) was certainly the highlight. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.
☆ CVS Health in talks to buy Oak Street Health - Bloomberg News
  + stars: | 2023-01-09 | by ( ) www.reuters.com   time to read: +1 min
Jan 9 (Reuters) - CVS Health Corp (CVS.N) is exploring an acquisition of primary care center operator Oak Street Health Inc (OSH.N), Bloomberg News reported on Monday citing people familiar with the matter. Shares of Oak Street Health rose 27% in after-hours trading after closing 4.25% higher at $22.57 on Monday, earning the Chicago-based company a market cap of $5.5 billion. CVS declined to comment while Oak Street did not immediately respond to a Reuters request. Oak Street Health runs primary care centers across United States for recipients of Medicare, the U.S. government insurance program for Americans aged 65 and older, and has private equity firms such as General Atlantic and Newlight Partners among its shareholders. CVS had also expressed interest in expanding into the primary care space, and was reportedly among the bidders to acquire primary care provider Cano Health before backing out.
☆ Stocks making the biggest moves midday: GameStop, Dexcom, Cano Health and more
  + stars: | 2022-12-08 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +3 min
Traders work on the trading floor at the New York Stock Exchange (NYSE) below GameStop signage in New York, August 8, 2022. Check out the companies making headlines in midday trading Thursday. GameStop — Shares of the video game retailer and meme stock jumped more than 8% even after the company reported a wider-than-expected loss for the third quarter. The enterprise artificial intelligence software company reported a loss of 11 cents per share on revenue of $62.4 million. Analysts polled by Refinitiv were forecasting a loss of 16 cents per share on revenue of $60.9 million.
☆ Stocks making the biggest moves premarket: Ciena, GameStop, Rent The Runway and others
  + stars: | 2022-12-08 | by ( Peter Schacknow | ) www.cnbc.com   time to read: +2 min
Ciena earned an adjusted 61 cents per share for its latest quarter, compared with a consensus estimate of 8 cents. GameStop (GME) – GameStop reported a wider-than-expected quarterly loss and sales that fell short of predictions. Rent The Runway (RENT) – Rent The Runway surged 16.9% in the premarket after its quarterly revenue came in well above Wall Street forecasts and the fashion rental company issued an upbeat sales forecast. Kinder Morgan shares gained 2.1% in premarket trading. Separately, Express announced a wider-than-expected quarterly loss and lower-than-expected revenue in what its management said was a tougher quarter than it had anticipated.
☆ Cramer's lightning round: AST SpaceMobile is an exciting thing, not a stock
  + stars: | 2022-11-18 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
Loading chart...AST SpaceMobile Inc : "It's an exciting thing, not a stock. I think a stock is a company that makes money and then returns some of that money to you and trades inexpensively, and that one doesn't qualify." Loading chart...Plains GP Holdings LP : "Enterprise Product I think is better than them, but that's alright. Loading chart...Blue Bird Corp : "That school bus company is not to be touched, because they're doing very poorly." Loading chart...MP Materials Corp : "It's doing a great job, they've got a contract with GM .
☆ Cramer's lightning round: Cano Health is a buy
  + stars: | 2022-11-04 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
Loading chart...Cano Health Inc : "I think it's a buy." I do think that [Johnson & Johnson ] is going to spin off its consumer product company, and that's going to be very, very good." But I think you're okay." Loading chart...Nike Inc : "I don't think buying Nike here is that bad." Disclaimer: Cramer's Charitable Trust owns shares of Johnson & Johnson.
☆ Cramer's lightning round: Stay long on CF Industries
  + stars: | 2022-10-18 | by ( Krystal Hur | ) www.cnbc.com   time to read: +1 min
I say, stay long." Loading chart...Dutch Bros Inc : "I want you to put half the position on now, and then half when it goes below $30. I'm going to have to say, once again, [don't buy.]" Loading chart...Cano Health Inc : "I like the healthcare space, I think they do quality healthcare work, and I'm going to have to say that I think it's worth buying." I have to say, [don't buy]."
☆ Humana, CVS Circle Cano Health as Potential Buyers
  + stars: | 2022-09-22 | by ( Laura Cooper | Dana Cimilluca | ) www.wsj.com   time to read: 1 min
Humana has a right of first refusal on any Cano sale, part of an agreement that was originally struck in 2019. Humana and CVS Health are circling Cano Health according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don’t fall apart, some of the people said. Cano shares, which had been down nearly 7%, turned positive and closed up 32% after The Wall Street Journal reported on the talks with Humana and other unnamed parties, giving the company a market value of roughly $4 billion.
☆ Humana, Other Potential Buyers Circle Cano Health
  + stars: | 2022-09-22 | by ( Laura Cooper | Dana Cimilluca | ) www.wsj.com   time to read: 1 min
Humana has a right of first refusal on any Cano sale, part of an agreement that was originally struck in 2019. Humana and other possible buyers are circling Cano Health according to people familiar with the situation, as healthcare heavyweights scramble to snap up primary-care providers. The talks are serious and a deal to purchase Cano could be struck in the next several weeks, assuming the negotiations don’t fall apart, some of the people said.Cano shares, which had been down nearly 7%, turned positive and were up 42% after The Wall Street Journal reported on the talks, giving the company a market value of nearly $5 billion.
☆ Humana, CVS among firms looking to buy Cano Health - reports
  + stars: | 2022-09-22 | by ( ) www.reuters.com   time to read: +1 min
Signage for Humana Inc. is pictured at a health facility in Queens, New York City, U.S., November 30, 2021. REUTERS/Andrew KellyRegister now for FREE unlimited access to Reuters.com RegisterSept 22 (Reuters) - Humana and CVS Health (CVS.N) are among the several companies looking to buy senior-care facility operator Cano Health (CANO.N), according to media reports on Thursday, sending Cano's shares up about 50%. Register now for FREE unlimited access to Reuters.com RegisterCano operates primary-care centers in several U.S. states including California, Florida, Nevada, New Mexico, Texas, Illinois, and New York. (https://bit.ly/3xOAe8D)Cano did not immediately respond to Reuters requests for comment, while Humana and CVS said they do not comment on rumors or speculation. Register now for FREE unlimited access to Reuters.com RegisterReporting by Mrinalika Roy in Bengaluru; Editing by Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.
☆ Cano Health CEO: Humana is a great partner
  + stars: | 2022-09-22 | by ( Melissa Lee | ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCano Health CEO: Humana is a great partnerDr. Marlow Hernandez, Cano Health CEO, joins CNBC's Contessa Brewer to discuss the health care space. With CNBC's Melissa Lee and the Fast Money traders, Karen Finerman, Bonawyn Eison, Dan Nathan and Brian Kelly.
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