Why Shares of Cano Health Are Slumping This Week

Shares of Cano Health (NYSE: CANO) were down as much as 35.6% this week and were still down 31.2% for the week as of late Thursday afternoon, according to data from S&P Global Intelligence. The stock closed at $2.02 last Friday and then opened this week at $2.01.

The company's shares fell to a 52-week low of $1.30 on Thursday. The stock is down more than 84% this year.

The company operates 141 senior-oriented primary care centers in California, Florida, Illinois, Texas, Nevada, and Puerto Rico.

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Source Fool.com