Serve Robotics Inc’s recent filing unveils that its President & COO Parang Touraj unloaded Company’s shares for reported $7323.0 on Feb 27 ’25. In the deal valued at $9.20 per share,796 shares were sold. As a result of this transaction, Parang Touraj now holds 1,162,090 shares worth roughly $7.76 million.
Then, Kashani Ali sold 3,713 shares, generating $34,215 in total proceeds. Upon selling the shares at $9.21, the Chief Executive Officer now owns 3,225,852 shares.
Before that, Abraham Euan sold 660 shares. Serve Robotics Inc shares valued at $6,075 were divested by the Chief Hardware & Mftg Offcr at a price of $9.21 per share. As a result of the transaction, Abraham Euan now holds 149,858 shares, worth roughly $1.0 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 fall -10.09% to $6.68. Over the last five days, the stock has lost -20.19%. Serve Robotics Inc shares have fallen nearly -50.52% since the year began. SMA at 50 days reached $15.14, while 200 days put it at $9.85.
Levels Of Support And Resistance For SERV Stock
The 24-hour chart illustrates a support level at 6.28, which if violated will result in even more drops to 5.89. On the upside, there is a resistance level at 7.27. A further resistance level may holdings at 7.87. The Relative Strength Index (RSI) on the 14-day chart is 31.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.15, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.44%. Stochastics %K at 4.13% indicates the stock is a buying.
