The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Serve Robotics Inc shares valued at $115,571 were sold by Kashani Ali on Dec 02 ’24. At $9.25 per share, Kashani Ali sold 12,500 shares. The insider’s holdings dropped to 3,343,842 shares worth approximately $29.02 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Kashani Ali sold 5,000 shares, netting a total of over 44,847 in proceeds. Following the sale of shares at $8.97 each, the insider now holds 3,338,842 shares.
Before that, Goldberg David Michael had sold 15,000 shares from its account. In a trade valued at $135,870, the Director traded Serve Robotics Inc shares for $9.06 each. Upon closing the transaction, the insider’s holdings decreased to 15,000 shares, worth approximately $0.36 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 -1.14%. Over the course of the year, Serve Robotics Inc shares have dropped approximately -65.28%. Nevertheless, trading volume fell to 4.89 million shares from 3.85 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 8.52, which, if violated, would cause prices to drop to 8.35. In the upper region, resistance lies at 8.94. The next price resistance is at 9.19. RSI (Relative Strength Index) is 47.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 46.47%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
