Serve Robotics (NASDAQ:SERV) Shares Down 4.1%

Shares of Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) dropped 4.1% on Friday . The stock traded as low as $8.52 and last traded at $8.61. Approximately 1,065,205 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 11,846,218 shares. The stock had previously closed at $8.98.

Wall Street Analyst Weigh In

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

Serve Robotics Price Performance

The business's fifty day moving average price is $8.09.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Serve Robotics stock. Thomist Capital Management LP acquired a new stake in Serve Robotics Inc. (NASDAQ:SERV - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 208,910 shares of the company's stock, valued at approximately $407,000. Thomist Capital Management LP owned 0.56% 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.