Serve Robotics Inc’s recent filing unveils that its Chief Hardware & Mftg Offcr Abraham Euan unloaded Company’s shares for reported $5012.0 on Jan 07 ’25. In the deal valued at $19.28 per share,260 shares were sold. As a result of this transaction, Abraham Euan now holds 150,518 shares worth roughly $2.82 million.
Then, Parang Touraj sold 305 shares, generating $5,957 in total proceeds. Upon selling the shares at $19.53, the President & COO now owns 1,162,886 shares.
Before that, Kashani Ali sold 1,425 shares. Serve Robotics Inc shares valued at $27,828 were divested by the Chief Executive Officer at a price of $19.53 per share. As a result of the transaction, Kashani Ali now holds 3,229,565 shares, worth roughly $60.52 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 11.52% to $18.74. Over the last five days, the stock has gained 26.93%. Serve Robotics Inc shares have risen nearly 38.78% since the year began.
Levels Of Support And Resistance For SERV Stock
The 24-hour chart illustrates a support level at 17.01, which if violated will result in even more drops to 15.28. On the upside, there is a resistance level at 19.61. A further resistance level may holdings at 20.48. The Relative Strength Index (RSI) on the 14-day chart is 58.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 47.99%. Stochastics %K at 40.98% 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.
