Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Serve Robotics Inc shares valued at $9,747 were purchased by Kashani Ali on Nov 21 ’24. At $8.79 per share, Kashani Ali acquired 1,109 shares.
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Also, Wavemaker Global Select II LLC purchased 64,408 shares, netting a total of over 579,672 in proceeds.
Before that, Abraham Euan had sold 75,000 shares from its account. In a trade valued at $594,165, the Chief Hardware & Mftg Offcr traded Serve Robotics Inc shares for $7.92 each. Upon closing the transaction, the insider’s holdings decreased to 75,000 shares, worth approximately $1.29 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 surge of approximately 7.77%. Over the course of the year, Serve Robotics Inc shares have dropped approximately -66.16%. Nevertheless, trading volume fell to 3.36 million shares from 3.17 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 8.29, which, if violated, would cause prices to drop to 8.11. In the upper region, resistance lies at 8.79. The next price resistance is at 9.11. RSI (Relative Strength Index) is 45.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.34, which suggests the price will decrease in the coming days. Percent R is at 73.02%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
