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Recent Insider Activity Could Benefit Serve Robotics Inc (SERV)

Serve Robotics Inc’s recent filing unveils that its Director Jordan James Buckly unloaded Company’s shares for reported $0.55 million on Nov 21 ’24. In the deal valued at $8.57 per share,64,408 shares were sold. As a result of this transaction, Jordan James Buckly now holds 449,052 shares worth roughly $5.3 million.

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Then, Jordan James Buckly sold 1,472 shares, generating $11,755 in total proceeds. Upon selling the shares at $7.99, the Director now owns 513,460 shares.

Before that, Jordan James Buckly sold 1,288 shares. Serve Robotics Inc shares valued at $11,685 were divested by the Director at a price of $9.07 per share. As a result of the transaction, Jordan James Buckly now holds 447,764 shares, worth roughly $5.28 million.

Ladenburg Thalmann initiated its Serve Robotics Inc [SERV] rating to a Buy in a research note published on October 28, 2024; the price target was $16. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in mid October with a ‘”an Outperform”‘ rating. Seaport Research Partners began covering SERV with “Buy” recommendation on October 07, 2024.

Price Performance Review of SERV

On Friday, Serve Robotics Inc [NASDAQ:SERV] saw its stock jump 23.82% to $11.80. Over the last five days, the stock has gained 35.63%. Serve Robotics Inc shares have fallen nearly -52.80% since the year began.

Levels Of Support And Resistance For SERV Stock

The 24-hour chart illustrates a support level at 10.31, which if violated will result in even more drops to 8.81. On the upside, there is a resistance level at 12.70. A further resistance level may holdings at 13.59. The Relative Strength Index (RSI) on the 14-day chart is 68.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.54%. Stochastics %K at 73.39% indicates the stock is a holding.

How much short interest is there in Serve Robotics Inc?

A steep rise in short interest was recorded in Serve Robotics Inc stocks on 2024-11-15, dropping by -1.48 million shares to a total of 3.69 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.17 million shares. There was a decline of -40.02%, which implies that there is a negative sentiment for the stock.

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