Serve Robotics (NASDAQ:SERV) Trading Down 9%

Serve Robotics Inc. (NASDAQ:SERV - Get Free Report) traded down 9% on Tuesday . The stock traded as low as $7.64 and last traded at $7.73. 1,427,246 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 11,762,930 shares. The stock had previously closed at $8.49.

Wall Street Analysts Forecast Growth

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

Serve Robotics Stock Performance

The company's 50 day simple moving average is $8.35.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Serve Robotics stock. PFG Investments LLC bought a new position in Serve Robotics Inc. (NASDAQ:SERV - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 56,408 shares of the company's stock, valued at approximately $110,000. PFG Investments LLC owned about 0.15% of Serve Robotics at the end of the most recent quarter.

Serve Robotics Company Profile

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.