In a filing, Serve Robotics Inc revealed its Chief Executive Officer Kashani Ali unloaded Company’s shares for reported $0.12 million on Dec 26 ’24. In the deal valued at $16.50 per share,7,500 shares were sold. As a result of this transaction, Kashani Ali now holds 3,283,490 shares worth roughly $53.49 million.
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Then, Kashani Ali sold 5,000 shares, generating $72,750 in total proceeds. Upon selling the shares at $14.55, the Chief Executive Officer now owns 3,290,990 shares.
Before that, Kashani Ali bought 7,500 shares. Serve Robotics Inc shares valued at $123,750 were divested by the Officer at a price of $16.50 per share.
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 fall -7.65% to $16.29. Over the last five days, the stock has gained 21.93%. Serve Robotics Inc shares have fallen nearly -34.84% since the year began.
Levels Of Support And Resistance For SERV Stock
The 24-hour chart illustrates a support level at 15.39, which if violated will result in even more drops to 14.49. On the upside, there is a resistance level at 17.81. A further resistance level may holdings at 19.33. The Relative Strength Index (RSI) on the 14-day chart is 62.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.03%. Stochastics %K at 76.10% 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 2024-12-13, dropping by -1.2 million shares to a total of 2.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.69 million shares. There was a decline of -48.35%, which implies that there is a negative sentiment for the stock.
