Serve Robotics Stock Drops Before Long Weekend, Hospital Project Still Needs Funding
Serve Robotics Inc. shares fell Friday even as the broader U.S. market rose. Investors looked at the company’s new hospital automation move but had concerns about funding and execution risks ahead of the Memorial Day holiday. SERV ended regular trading on Nasdaq at $8.70, off 1.25%. Shares traded between $8.62 and $9.01 during the session. In after-hours trade, SERV was last quoted at $8.73. Volume at the close was 3.84 million shares. Market cap stood near $673 million, according to Google Finance.