- Cano Health ( NYSE: CANO ) jumped 9% on speculation that the company could see takeover interest after Amazon agreed to buy One Medical ( ONEM ) last month for $3.9 billion.
- Cano Health ( CANO ) shares jumped as traders circulated a Dealreporter story that was published after 1pm on Tuesday.
- The story speculates that companies like Cano Health ( CANO ) and Oak Street Health ( OSH ) could be potential targets as their shares have suffered and potential acquires may be major insurance companies like Humana ( HUM ) and UnitedHealth ( UNH ) or CVS Health ( CVS ).
- TO BE CLEAR the story never says that Cano ( CANO ) is being eyed by several suitors including UNH, HUM and CVS, as some on social media are circulating.
- Recall July 6, Cano Health ( CANO ) jumped 17% amid speculation that the operator of primary care medical services could be a potential acquisition target of health insurer Humana, according to Dealreporter speculation.
- CANO has short interest of 10%.
- Last week Bloomberg reported that CVS Health ( CVS ) tried to acquire One Medical before Amazon eventually did.
For further details see:
Cano Health gains on vague takeover speculation as traders circulate Tuesday item