Serve Robotics Sees Unusually Large Options Volume (NASDAQ:SERV)

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) was the recipient of some unusual options trading on Thursday. Traders bought 20,268 put options on the stock. This is an increase of 94% compared to the average daily volume of 10,425 put options.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Serve Robotics

A hedge fund recently bought a new stake in Serve Robotics stock. PFG Investments LLC acquired a new stake in Serve Robotics Inc. (NASDAQ:SERV - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 56,408 shares of the company's stock, valued at approximately $110,000. PFG Investments LLC owned approximately 0.15% of Serve Robotics at the end of the most recent reporting period.

Serve Robotics Trading Down 5.7 %

Shares of SERV stock traded down $0.62 during trading hours on Thursday, reaching $10.10. 5,496,762 shares of the company's stock were exchanged, compared to its average volume of 12,424,845. The business's 50 day simple moving average is $7.34. Serve Robotics has a 1 year low of $1.77 and a 1 year high of $24.09.

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.