Business

See Cano Health stock ahead of CVS Health (NYSE: CANO) Q3 earnings


CVS Health Caremark Corporate Office in Irving, Texas, USA.

JHVEPhoto

Investors may want to pay attention to Cano Health (NYSE:CANOE) before CVS Health (NYSE:CVS) third-quarter earnings and Wednesday’s conference call.

Recall that Bloomberg last month published a story saying that CVS Health (CVS) said enter exclusive negotiations to acquire Cano Health (CANOE), although CVS reported ignore the discussionunder a Dealreporter entry.

CVS never officially comments on reports and Wednesday’s earnings call will be the first time they may be asked by analysts/investors to address speculation. Canoe (CANOE) To share down 43% 17 when it was reported that CVS had left talks to buy CANO and the stock has fallen another 25% since then. Shares fell 5% on Monday and edged higher on Tuesday.

Last Wednesday Cano Health (CANOE) was cut to neutral versus better performing at Credit Suisse, with the analyst writing that following reports that the primary healthcare provider is said to be no longer in negotiations to sell to CVS , maybe best move to the side until there is clarity.

Cano Health (CANOE) short term profit is 14%.

Cano Health (CANOE) is scheduled to report as Q3 resultsnext Wednesday.

Also recall on Sunday Bloomberg reported that VillageMD, which is largely owned by Walgreens Boots (WBA) is reportedly evaluating a merger agreement with Summit Health backed by Warburg Pincus, CityMD’s parent company.

news7f

News7F: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, Sports...at the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button