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 $20,550 were purchased by Kashani Ali on Mar 11 ’25. At $6.85 per share, Kashani Ali acquired 3,000 shares. The insider’s holdings grew to 3,228,852 shares worth approximately $22.67 million following the completion of this transaction.
Also, Parang Touraj sold 796 shares, netting a total of over 7,323 in proceeds. Following the sale of shares at $9.20 each, the insider now holds 1,162,090 shares.
Before that, Kashani Ali had sold 3,713 shares from its account. In a trade valued at $34,215, the Chief Executive Officer traded Serve Robotics Inc shares for $9.21 each. Upon closing the transaction, the insider’s holdings decreased to 3,713 shares, worth approximately $22.65 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 -11.36%. Over the course of the year, Serve Robotics Inc shares have dropped approximately -48.00%. A 50-day SMA is recorded $14.61, while a 200-day SMA reached $9.92.
Support And Resistance Levels for Serve Robotics Inc (SERV)
According to the 24-hour chart, there is a support level at 6.77, which, if violated, would cause prices to drop to 6.51. In the upper region, resistance lies at 7.41. The next price resistance is at 7.79. RSI (Relative Strength Index) is 34.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.11, which suggests the price will decrease in the coming days. Percent R is at 90.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
