Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Serve Robotics Inc shares valued at $5,012 were sold by Abraham Euan on Jan 07 ’25. At $19.28 per share, Abraham Euan sold 260 shares. The insider’s holdings dropped to 150,518 shares worth approximately $2.78 million following the completion of this transaction.
Also, Parang Touraj sold 305 shares, netting a total of over 5,957 in proceeds. Following the sale of shares at $19.53 each, the insider now holds 1,162,886 shares.
Before that, Kashani Ali had sold 1,425 shares from its account. In a trade valued at $27,828, the Chief Executive Officer traded Serve Robotics Inc shares for $19.53 each. Upon closing the transaction, the insider’s holdings decreased to 1,425 shares, worth approximately $59.71 million.
As published in their initiating research note from Ladenburg Thalmann on October 28, 2024, Serve Robotics Inc [SERV] has been a Buy and the price target has been revised to $16. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid October. As of October 07, 2024, Seaport Research Partners has initiated its “Buy” rating for SERV.
Analyzing SERV Stock Performance
During the last five days, there has been a drop of approximately -0.64%. Over the course of the year, Serve Robotics Inc shares have jumped approximately 36.96%. Nevertheless, trading volume fell to 14.6 million shares from 13.89 million shares the previous day.
Support And Resistance Levels for Serve Robotics Inc (SERV)
According to the 24-hour chart, there is a support level at 17.26, which, if violated, would cause prices to drop to 16.03. In the upper region, resistance lies at 19.73. The next price resistance is at 20.98. RSI (Relative Strength Index) is 56.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.39, which suggests the price will decrease in the coming days. Percent R is at 53.27%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
