Serve Robotics Inc’s filing revealed that 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 $3.18 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 Monday, Serve Robotics Inc [NASDAQ:SERV] saw its stock jump 8.37% to $21.10. Over the last five days, the stock has gained 33.71%. Serve Robotics Inc shares have risen nearly 56.30% since the year began. SMA at 50 days reached $15.24, while 200 days put it at $9.03.
Levels Of Support And Resistance For SERV Stock
The 24-hour chart illustrates a support level at 19.72, which if violated will result in even more drops to 18.33. On the upside, there is a resistance level at 21.96. A further resistance level may holdings at 22.81. The Relative Strength Index (RSI) on the 14-day chart is 62.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.24%. Stochastics %K at 63.90% 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.
