Serve Robotics Inc’s filing revealed that its Chief Executive Officer Kashani Ali unloaded Company’s shares for reported $77800.0 on Dec 31 ’24. In the deal valued at $15.56 per share,5,000 shares were sold. As a result of this transaction, Kashani Ali now holds 3,278,490 shares worth roughly $62.39 million.
Then, Kashani Ali sold 2,500 shares, generating $37,125 in total proceeds. Upon selling the shares at $14.85, the Chief Executive Officer now owns 3,275,990 shares.
Before that, Kashani Ali bought 7,500 shares. Serve Robotics Inc shares valued at $129,200 were divested by the Officer at a price of $17.23 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 jump 28.93% to $19.03. Over the last five days, the stock has gained 7.88%. Serve Robotics Inc shares have risen nearly 40.96% since the year began.
Levels Of Support And Resistance For SERV Stock
The 24-hour chart illustrates a support level at 15.89, which if violated will result in even more drops to 12.74. On the upside, there is a resistance level at 20.89. A further resistance level may holdings at 22.74. The Relative Strength Index (RSI) on the 14-day chart is 65.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.48%. Stochastics %K at 60.28% 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.
