Cano Health shares tumble as it explores sale, Pagaya and Archer Aviation stocks soar and other moving shares

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Archer Aviation, Pagaya, Cano Health and Arlo Technologies are among the biggest moving shares ahead of Friday's stock market open.

Archer Aviation Inc.‘s stock ACHR jumped more than 23% ahead of Friday’s market open after Boeing Co. BA invested an undisclosed amount in the air-taxi company.Archer Aviation Inc.‘s stock ACHR jumped more than 23% ahead of Friday’s market open after Boeing Co. BA invested an undisclosed amount in the air-taxi company.

Pagaya Techologies Ltd.’s PGY shares rose 13% after the AI-backed fintech data company forecast better-than-expected adjusted profit for the year.Shares of Cano Health Inc. CANO tumbled 48% after the primary-care provider and health-management platform said late Thursday there was “substantial doubt” about its ability to keep operating, and that it was cutting staff and exploring interest in a sale.

Shares of Arlo Technologies Inc. ARLO slipped 2% after the maker of security cameras, video doorbells, and other home-security electronics reported a narrower quarterly loss and revenue that fell but was above Wall Street expectations.

 

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