Serve Robotics Inc. (NASDAQ:SERV) Major Shareholder Corp Nvidia Acquires 62,500 Shares

Serve Robotics Inc. (NASDAQ:SERV) major shareholder Corp Nvidia bought 62,500 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The shares were acquired at an average cost of $4.00 per share, with a total value of $250,000.00. Following the transaction, the insider now owns 2,676,904 shares in the company, valued at approximately $10,707,616. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Serve Robotics Stock Performance

SERV traded up $0.29 on Thursday, reaching $2.63. 4,023,381 shares of the company’s stock were exchanged, compared to its average volume of 563,351. The company’s 50 day simple moving average is $2.51. Serve Robotics Inc. has a twelve month low of $1.77 and a twelve month high of $4.96.

Serve Robotics (NASDAQ:SERV) last posted its earnings results on Wednesday, May 15th. The company reported ($0.37) earnings per share (EPS) for the quarter. The company had revenue of $0.95 million for the quarter.

About Serve Robotics

Serve Robotics Inc designs, develops, and operates low-emission robots that serve people in public spaces with food delivery in the United States. It builds self-driving delivery robots. The company was formerly known as Patricia Acquisition Corp. and changed its name to Serve Robotics Inc in July 2023.