Investments 18 February 2026 - 19 February 2026

Occidental Petroleum shares rose about 9% Thursday after the company reported adjusted quarterly income of $315 million and raised its dividend by over 8%. Occidental also cut $5.8 billion in debt since December, launched a $700 million bond buyback, and completed the $9.7 billion sale of OxyChem to Berkshire Hathaway. Brent crude traded near six-month highs.

Weiss Asset Management reported its 11.1 million Avadel shares were converted to $21 cash plus a contingent value right as Alkermes closed its acquisition. Avadel stock last traded at $21.64 before being halted and delisted from Nasdaq. Listed options now settle for cash only, with many expirations moved up. The CVR could pay up to $1.50 per share if a milestone is met by 2028.

Pan American Silver shares rose about 3.5% premarket to $60.06 after reporting record Q4 cash flow and raising its dividend by 29%. Adjusted earnings reached $1.11 per share, beating estimates, with revenue at $1.18 billion and net earnings of $452 million. The company forecast 2026 silver production of up to 27 million ounces and gold up to 750,000 ounces. Escobal mine in Guatemala remains on care and maintenance.

Carvana shares rose 3.1% to $361.53 in premarket trading Thursday after a more than 20% drop late Wednesday on weaker-than-expected profit. Quarterly expenses climbed to $2.16 billion, driven by higher reconditioning and depreciation costs. The company sold 163,522 retail units in the fourth quarter, up 43%. Net income reached $951 million, including a $618 million tax-related gain.

Occidental Petroleum held near $47 in premarket after raising its quarterly dividend by over 8% and reporting adjusted fourth-quarter earnings of 31 cents per share, beating estimates. The company posted a net loss of $68 million but cited $315 million in adjusted income, with charges tied to the OxyChem sale. Oil prices rose again Thursday, adding momentum for energy stocks.

Liquidia shares rose 2.2% to $34.59 Wednesday morning, recovering part of Tuesday’s 11.4% drop. Options trading Tuesday showed heavy put buying, with volume 84% above normal. Investors await audited full-year results and updates on ongoing patent litigation with United Therapeutics. February options expire Feb. 20, adding volatility.

Herc Holdings shares dropped 2.8% to $145.89 in early Wednesday trading after the company set 2026 revenue and EBITDA targets and reported $8.1 billion in net debt. Analysts at KeyBanc and Baird cut price targets, citing integration challenges from the H&E acquisition and pressure on margins. Fourth-quarter equipment rental revenue rose 24% to $1.039 billion. CEO Larry Silber called 2025 “a pivotal year.”

Plug Power shares held steady premarket Wednesday after a 3.7% drop to $1.82 Tuesday, following shareholder approval to double authorized common stock to 3 billion shares. The move eases cash-raising options but raises dilution risk. Investors rejected a proposal to lower voting thresholds for charter changes. CEO Andy Marsh steps down in March, with Jose Luis Crespo set to take over.

OLB Group shares fell 27.7% to $1.07 in premarket trading Wednesday, erasing much of Tuesday’s 256.5% surge after announcing a global partner deal with PayPal. The stock’s swings put focus on whether OLB can hold above $1, the minimum bid needed to keep its Nasdaq listing.