Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Serve Robotics Inc shares valued at $34,848 were purchased by Wavemaker Global Select II LLC on Nov 13 ’24. At $9.00 per share, Wavemaker Global Select II LLC acquired 3,872 shares.
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Also, Wavemaker Global Select II LLC purchased 140,231 shares, netting a total of over 1,262,079 in proceeds.
Before that, Goldberg David Michael had sold 13,575 shares from its account. In a trade valued at $125,118, the Director traded Serve Robotics Inc shares for $9.22 each. Upon closing the transaction, the insider’s holdings decreased to 13,575 shares, worth approximately $0.3 million.
As published in their initiating research note from Ladenburg Thalmann on October 28, 2024, Serve Robotics Inc [SERV] has been a Buy and the price target has been revised to $16. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid October. As of October 07, 2024, Seaport Research Partners has initiated its “Buy” rating for SERV.
Analyzing SERV Stock Performance
During the last five days, there has been a drop of approximately -17.15%. Over the course of the year, Serve Robotics Inc shares have dropped approximately -66.56%. Nevertheless, trading volume fell to 5.09 million shares from 5.46 million shares the previous day.
Support And Resistance Levels for Serve Robotics Inc (SERV)
According to the 24-hour chart, there is a support level at 8.02, which, if violated, would cause prices to drop to 7.69. In the upper region, resistance lies at 8.73. The next price resistance is at 9.11. RSI (Relative Strength Index) is 42.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.25, which suggests the price will decrease in the coming days. Percent R is at 93.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
