Why Shares of Cano Health Are Jumping Thursday
Shares of Cano Health (NYSE: CANO) climbed more than 10% on Thursday. The stock closed at $10.66 on Wednesday, opened at $11.50 on Thursday and rose to as high as $11.89 in early trading. The stock only began trading on the New York Stock Exchange on June 4 through a merger with a special purpose acquisition company (SPAC) sponsored by billionaire Barry Sternlicht, the chairman of Starwood Capital Group Management.
You can thank some impressive second-quarter numbers, which were released early Thursday, for the spike. Cano Health operates 108 primary care facilities for seniors in Florida, Texas, Nevada, and Puerto Rico and said it has plans to also be in New Jersey, New York, New Mexico, and two other states to be announced by the end of the year.
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Source Fool.com
