Midday movers: Six Flags Entertainment, Cano Health, UBS and more

Investing.com — U.S. stocks were on Friday after a reading of producer price inflation that came in higher than expected.

Here are some of the biggest U.S. stock movers today:

Six Flags Entertainment New (NYSE:) shares were down 0.5% after the amusement park operator expectations, largely because bad weather affected park attendance. It expects attendance numbers to improve in the second half.
Cano Health (NYSE:) stock fell 70% after the primary-care provider announced plans to cut its workforce by 18%, saying there was “substantial doubt” about its ability to continue operating within a year.
UBS (NYSE:) stock rose 4.8% after Switzerland’s largest lender stated that it would not need the around $10 billion of state guarantees provided to smooth the takeover of its failing rival.
Capri Holdings (NYSE:) stock fell 0.9% after Wells Fargo downgraded the fashion company to ‘equal weight’ from ‘overweight’ in the wake of the announcement that Tapestry (NYSE:) is set to buy the Versace owner.
Archer Aviation (NYSE:) stock fell 2.7% after the air taxi maker settled litigation with Boeing (NYSE:), and agreed to collaborate on autonomous technology.
Rivian Automotive (NASDAQ:) stock fell 1.5% after Exane BNP Paribas upgraded the electric car manufacturer to ‘Outperform’ from ‘Neutral’ after the company lifted its annual production guidance Tuesday after reporting a narrower-than-expected loss in the second quarter.
DigitalOcean (NYSE:) stock rose 3.2% after Morgan Stanley upgraded the software company to ‘Equal weight’ from ‘Underweight’, saying the current outlook appears achievable.