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 $79,655 were sold by Read Brian on May 13 ’25. At $8.95 per share, Read Brian sold 8,900 shares. The insider’s holdings dropped to 225,000 shares worth approximately $2.11 million following the completion of this transaction.
Also, Read Brian purchased 8,900 shares, netting a total of over 79,655 in proceeds.
Before that, Read Brian had sold 7,000 shares from its account. In a trade valued at $56,200, the Chief Financial Officer traded Serve Robotics Inc shares for $8.03 each. Upon closing the transaction, the insider’s holdings decreased to 7,000 shares, worth approximately $2.2 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 surge of approximately 43.14%. Over the course of the year, Serve Robotics Inc shares have dropped approximately -30.44%. Shares of the company reached a 52-week high of $24.35 on 01/06/25 and a 52-week low of $4.66 on 04/07/25. A 50-day SMA is recorded $6.62, while a 200-day SMA reached $10.53.
Support And Resistance Levels for Serve Robotics Inc (SERV)
According to the 24-hour chart, there is a support level at 8.80, which, if violated, would cause prices to drop to 8.22. In the upper region, resistance lies at 9.90. The next price resistance is at 10.42. RSI (Relative Strength Index) is 69.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.89, which suggests the price will increase in the coming days. Percent R is at 13.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
