Serve Robotics Inc’s recent filing unveils that its Officer Kashani Ali acquired Company’s shares for reported $0.12 million on Dec 17 ’24. In the deal valued at $15.76 per share,7,500 shares were bought.
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Then, Kashani Ali sold 22,500 shares, generating $335,974 in total proceeds. Upon selling the shares at $14.93, the Chief Executive Officer now owns 3,306,998 shares.
Before that, Kashani Ali sold 2,500 shares. Serve Robotics Inc shares valued at $31,200 were divested by the Chief Executive Officer at a price of $12.48 per share. As a result of the transaction, Kashani Ali now holds 3,329,498 shares, worth roughly $55.54 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 Tuesday, Serve Robotics Inc [NASDAQ:SERV] saw its stock jump 11.35% to $16.68. Over the last five days, the stock has gained 21.40%. Serve Robotics Inc shares have fallen nearly -33.28% since the year began.
Levels Of Support And Resistance For SERV Stock
The 24-hour chart illustrates a support level at 14.79, which if violated will result in even more drops to 12.91. On the upside, there is a resistance level at 18.08. A further resistance level may holdings at 19.49. The Relative Strength Index (RSI) on the 14-day chart is 74.30, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.53, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.83%. Stochastics %K at 86.78% indicates the stock is a selling.
How much short interest is there in Serve Robotics Inc?
A steep rise in short interest was recorded in Serve Robotics Inc stocks on 2024-11-29, growing by 0.78 million shares to a total of 3.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 3.18 million shares. There was a rise of 19.67%, which implies that there is a positive sentiment for the stock.
