Serve Robotics (NASDAQ:SERV) Shares Up 13.2%

Shares of Serve Robotics Inc. (NASDAQ:SERV) rose 13.2% on Wednesday . The stock traded as high as $8.98 and last traded at $8.14. Approximately 4,753,389 shares traded hands during mid-day trading, a decline of 59% from the average daily volume of 11,712,551 shares. The stock had previously closed at $7.19.

Analysts Set New Price Targets

Separately, Aegis raised Serve Robotics to a “strong-buy” rating in a research note on Wednesday, July 24th.

Serve Robotics Stock Performance

The business’s 50-day simple moving average is $8.46.

Institutional Trading of Serve Robotics

An institutional investor recently bought a new position in Serve Robotics stock. PFG Investments LLC purchased a new stake in shares of Serve Robotics Inc. (NASDAQ:SERV) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 56,408 shares of the company’s stock, valued at approximately $110,000. PFG Investments LLC owned 0.15% of Serve Robotics at the end of the most recent reporting period.

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.