The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Serve Robotics Inc shares valued at $324,490 were sold by Abraham Euan on Feb 18 ’25. At $12.98 per share, Abraham Euan sold 25,000 shares. The insider’s holdings dropped to 150,518 shares worth approximately $1.97 million following the completion of this transaction.
Also, Abraham Euan purchased 25,000 shares, netting a total of over 324,448 in proceeds.
Before that, Wavemaker Global Select II LLC had added 1,288 shares to its account. In a trade valued at $16,744, the 10% Owner bought Serve Robotics Inc shares for $13.00 each.
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 -33.06%. Over the course of the year, Serve Robotics Inc shares have dropped approximately -2.96%. A 50-day SMA is recorded $16.27, while a 200-day SMA reached $9.50. Nevertheless, trading volume fell to 8.82 million shares from 26.02 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 12.68, which, if violated, would cause prices to drop to 12.27. In the upper region, resistance lies at 13.49. The next price resistance is at 13.89. RSI (Relative Strength Index) is 42.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.04, which suggests the price will decrease in the coming days. Percent R is at 87.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
