Stocks to Watch: Serve Robotics, Hawaiian Electric, OceanFirst, Scholastic, Selective Insurance

By Connor Hart

Chip company Nvidia disclosed its investment in Serve Robotics. Shares of the automatic sidewalk delivery company, which made its public debut earlier this year, rise 65%, to $4.33, in after-hours trading.

Hawaiian Electric Industries plans to participate in a deal to settle hundreds of lawsuits stemming from last year's Maui wildfire, Bloomberg reported Thursday, citing people familiar with the deal. Shares of the electric company rise 47%, to $18.80, in postmarket trading.

OceanFirst Financial posted second-quarter earnings of 40 cents a share, missing analysts' estimates for 42 cents. Shares of the holding company for OceanFirst Bank fall 16%, to $15.31, in after-hours trading.

Scholastic posted a 53% profit drop in its fourth quarter on declining revenue. Shares of the publisher fall 11%, to $32.61, in late trading.

Selective Insurance Group swung to a loss in the second quarter and said it will respond to the challenging backdrop with additional price increases. Shares of the insurance company fall 7%, to $93.13, in after-hours trading.

Write to Connor Hart at connor.hart@wsj.com

(END) Dow Jones Newswires

July 18, 2024 19:44 ET (23:44 GMT)

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