Streetbeat News

SERV

Serve Robotics Inc.

https://www.serverobotics.com

Industry

Industrial - Machinery

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. Serve Robotics Inc. was founded in 2017 and is based in Redwood City, California.

Open

7.32

Mkt cap

436M

Volume

6.2M

High

7.73

P/E Ratio

-7.16

52-wk high

24.35

Low

7.29

Div yield

N/A

52-wk low

1.77

Bank of Marin Bancorp (NASDAQ:BMRC) shares fell sharply after reporting worse-than-expected quarterly earnings. Other notable stock movements include 2U, Inc. (NASDAQ:TWOU) climbing 128% and Cognition Therapeutics, Inc. (NASDAQ:CGTX) falling 34%.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 5:19 pm

ON Semiconductor, Oil States International, CommScope Holding, and other major stocks saw significant gains on Monday. ON Semiconductor reported better-than-expected Q2 results, leading to a 13.7% rise in its stock price. Other notable gainers include NIP Group, Meta Data Limited, and Tesla.

Portfolio Pulse from Avi Kapoor

July 29, 2024 | 3:09 pm

Serve Robotics Inc. (NASDAQ:SERV) shares are surging due to recent positive developments, including a $15 million private placement, key board appointments, and increased trading volume. Additionally, NVIDIA Corp (NASDAQ:NVDA) reported a 10% stake in Serve Robotics, further boosting investor interest.

Portfolio Pulse from Vaishali Prayag

July 26, 2024 | 6:24 pm

Serve Robotics Inc (NASDAQ:SERV) shares are experiencing significant gains, driven by NVIDIA Corp's (NASDAQ:NVDA) recent 10% stake in the company. The stock has surged over 500% since the announcement. Serve Robotics, which originated as Postmates' robotics division, went public via a reverse merger. The company also announced new board appointments, including David Goldberg and the reappointment of Uber Technologies Inc (NYSE:UBER) executive Sarfraz Maredia. The trading activity appears to be retail-driven, with increased social media chatter.

Portfolio Pulse from Adam Eckert

July 25, 2024 | 9:27 pm

Tesla, Inc. (TSLA) reported weak earnings for the second quarter, causing its shares to fall sharply in pre-market trading. Other notable stocks experiencing losses include Visa Inc. (V), Deutsche Bank Aktiengesellschaft (DB), Wheels Up Experience Inc. (UP), SFL Corporation Ltd. (SFL), Serve Robotics Inc. (SERV), Geron Corporation (GERN), Kanzhun Limited (BZ), and Alphabet Inc. (GOOGL).

Portfolio Pulse from Avi Kapoor

July 24, 2024 | 12:17 pm

Serve Robotics shares are trading lower following the announcement of a $15 million private placement.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:15 pm

Serve Robotics Inc. (NASDAQ:SERV) announced a $15M private placement of pre-funded warrants to purchase 2.5M shares of common stock, along with warrants to purchase an additional 2.5M shares at $6/share. The offering is expected to close around July 24, 2024.

Portfolio Pulse from Benzinga Newsdesk

July 23, 2024 | 1:15 pm

NXP Semiconductors, Medpace Holdings, Oatly Group, Archrock, Serve Robotics, Woodside Energy, Under Armour, and STMicroelectronics saw declines in pre-market trading following mixed earnings reports, narrowed revenue guidance, public offerings, and acquisition announcements.

Portfolio Pulse from Avi Kapoor

July 23, 2024 | 12:05 pm

U.S. stocks traded higher with the NASDAQ Composite gaining around 300 points. The S&P 500 rose by 1.09%, and the Dow increased by 0.19%. Information technology shares jumped by 1.7%, while energy shares fell by 0.2%. Verizon shares fell 6% after missing sales estimates. MIRA Pharmaceuticals shares surged 368% on positive preclinical study results. Tellurian shares rose 66% on acquisition news. Serve Robotics shares increased 33% after Nvidia disclosed a stake. CrowdStrike shares dropped 14% due to downgrades and a major outage. Ryanair shares fell 16% on lower profits. Savers Value Village shares declined 15% following a downgrade.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 6:33 pm

CrowdStrike shares fell sharply by around 13% after downgrades from Guggenheim and BTIG analysts. The company also experienced a major outage impacting businesses globally. Selective Insurance Group shares also dipped significantly. Several other stocks saw notable movements, including MIRA Pharmaceuticals, CareMax, Tellurian, and Serve Robotics among gainers, and Linkage Global, Selina Hospitality, and TRxADE HEALTH among losers.

Portfolio Pulse from Avi Kapoor

July 22, 2024 | 5:28 pm

All corporate logos and prices are for illustrative purposes only and are not a recommendation, an offer to sell, or a solicitation of an offer to buy any security.