In a filing, Serve Robotics Inc revealed its 10% Owner Wavemaker Global Select II LLC acquired Company’s shares for reported $0.33 million on Jan 27 ’25. In the deal valued at $17.00 per share,19,323 shares were bought.
Then, Match Robotics VC, LLC bought 16,700 shares, generating $334,000 in total proceeds.
Before that, Abraham Euan sold 260 shares. Serve Robotics Inc shares valued at $5,012 were divested by the Chief Hardware & Mftg Offcr at a price of $19.28 per share. As a result of the transaction, Abraham Euan now holds 150,518 shares, worth roughly $2.5 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 1.53% to $16.59. Over the last five days, the stock has lost -13.86%. Serve Robotics Inc shares have risen nearly 22.89% since the year began.
Levels Of Support And Resistance For SERV Stock
The 24-hour chart illustrates a support level at 15.84, which if violated will result in even more drops to 15.08. On the upside, there is a resistance level at 17.79. A further resistance level may holdings at 18.98. The Relative Strength Index (RSI) on the 14-day chart is 50.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.48%. Stochastics %K at 24.77% 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 2025-01-15, growing by 4.01 million shares to a total of 6.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.49 million shares. There was a rise of 61.67%, which implies that there is a positive sentiment for the stock.
