Últimas noticias sobre Serve Robotics (NASDAQ:SERV) Bolsa

Serve Robotics

Serve Robotics Inc is developing next-generation robots for last-mile delivery services. Its first product is a zero-emission robot that serves people in public areas, Starting with food delivery. It has developed an advanced, AI-robotics mobility platform, with last-mile delivery in cities as its first application.

ServiceMaster Global

BLDR

SERV

VKTX

VRTX

Jim Cramer analiza VRTX, SERV, BLDR y VKTX en &#39;Mad Money&#39;. Descubre por qué algunas acciones suben mientras otras caen.

Jim Cramer analiza las mejores oportunidades de inversión en &#39;Mad Money&#39;

Earnings

News

Pre-Market Outlook

Markets

Trading Ideas

CSCO

OUST

Aquí tienes cinco acciones estadounidenses que podrían llamar la atención de los inversores este miércoles: EAT, SERV, CSCO, OUST y CAH.

5 acciones en el foco este miércoles: EAT, SERV, CSCO, OUST y CAH

Serve Robotics Inc

SERVICENOW ORD

Service Corporation International Common Stock

Service Corp International

Service Properties Trust - Shares of Beneficial Interest

Service Properties Trust

Service Team Inc

ServiceMax Inc

ServiceNow Inc

ServisFirst Bancshares, Inc. Common Stock

Servisfirst Bancshares Inc

Servotronics Inc

<h3>Gainers</h3>
<ul>
<li>TCTM Kids IT Education (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCTM#NASDAQ">TCTM</a>) stock increased by 41.0% to $1.34 during Friday's regular session. The company's market cap stands at $13.1 million. </li>
<li>Uxin (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UXIN#NASDAQ">UXIN</a>) stock rose 35.08% to $3.82. The company's market cap stands at $718.5 million. As per the news, the Q1 earnings report came out 4 days ago. </li>
<li>ZEEKR Intelligent Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZK#NYSE">ZK</a>) shares increased by 14.29% to $20.95. The market value of their outstanding shares is at $5.1 billion. </li>
<li>Baozun (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BZUN#NASDAQ">BZUN</a>) shares rose 13.99% to $3.34. The company's market cap stands at $197.0 million. </li>
<li>Serve Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) stock rose 13.52% to $8.73. The market value of their outstanding shares is at $345.7 million. </li>
<li>17 Education &amp; Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YQ#NASDAQ">YQ</a>) shares increased by 13.08% to $2.68. The company's market cap stands at $20.7 million. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Kaixin Hldgs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KXIN#NASDAQ">KXIN</a>) shares decreased by 10.7% to $0.1 during Friday's regular session. The market value of their outstanding shares is at $5.7 million. </li>
<li>Color Star Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADD#NASDAQ">ADD</a>) shares declined by 9.06% to $1.16. The company's market cap stands at $65.1 million. </li>
<li>Mullen Automotive (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MULN#NASDAQ">MULN</a>) stock declined by 9.03% to $3.84. The company's market cap stands at $6.2 million. </li>
<li>Sonder Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOND#NASDAQ">SOND</a>) stock fell 8.21% to $4.81. The company's market cap stands at $53.0 million. </li>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) stock declined by 7.62% to $16.01. The company's market cap stands at $321.8 million. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

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KXIN

MULN

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TCTM

UXIN

11 Consumer Discretionary Stocks Moving In Friday's Intraday Session

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Shares of companies within the broader consumer discretionary sector are trading higher following better-than-expected consumer sentiment data. Strong earnings from RH and anticipated rate cuts may be lifting the sector.

Each trading day features hundreds of headlines and press releases on Benzinga Pro, a source for traders to see the latest news on the overall market&nbsp;<a href="https://www.benzinga.com/pro/?utm_source=BZprocontent080124&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">and individual tickers.</a>
Here is a look at the most-searched stocks on Benzinga Pro for the month of August 2024. Current prices and year-to-date performance are based on Aug. 30 and do not include dividends. April search results were not tracked.
1. NVIDIA Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)
<ul>
<li>Current Price: $119.37</li>
<li>52-Week Range: $39.23 to $140.76</li>
<li>Year-to-Date Return: +147.8%</li>
<li><a href="https://www.benzinga.com/news/earnings/23/02/30713474/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-january-where-do-spy-tesla-apple-and-ford">January</a>/<a href="https://www.benzinga.com/markets/penny-stocks/23/03/31137326/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-february-including-tesla-apple-and">February</a>/<a href="https://www.benzinga.com/markets/equities/24/04/38023764/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-march-where-do-tesla-nvidia-spy-and-re">March </a>Search Ranking: 3rd/1st/1st</li>
<li><a href="https://www.benzinga.com/exclusives/24/06/39234936/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-may-where-do-nvidia-tesla-gamestop-amc-ran">May</a>/<a href="https://www.benzinga.com/top-stories/24/07/39579249/exclusive-top-10-most-searched-tickers-on-benzinga-pro-in-june-where-do-nvidia-gamestop-tesla-apple">June</a>/<a href="https://www.benzinga.com/top-stories/24/08/40119459/exclusive-top-20-most-searched-tickers-on-benzinga-pro-in-july-2024-where-do-tesla-nvidia-apple-crow">July </a>Search Ranking: 2nd/1st/2nd</li>
</ul>
2. SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>)
<ul>
<li>Current Price: $563.68</li>
<li>52-Week Range: $409.22 to $565.22</li>
<li>Year-to-Date Return: +19.3%</li>
<li>January/February/March Search Ranking: 2nd/2nd/3rd</li>
<li>May/June/July Search Ranking: 1st/3rd/3rd</li>
</ul>
3. Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>)
<ul>
<li>Current Price: $214.11</li>
<li>52-Week Range: $138.80 to $278.97</li>
<li>Year-to-Date Return: -13.8%</li>
<li>January/February/March Search Ranking: 1st/4th/2nd</li>
<li>May/June/July Search Ranking: 4th/4th/1st</li>
</ul>
4. Super Micro Computer (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMCI#NASDAQ">SMCI</a>)
<ul>
<li>Current Price: $437.70</li>
<li>52-Week Range: $226.59 to $1,229.00</li>
<li>Year-to-Date Return: +53.3%</li>
<li>January/February/March Search Ranking: Not in Top 20/Not in Top 20/5th</li>
<li>May/June/July Search Ranking: 14th/10th/19th</li>
</ul>
5. Lumen Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUMN#NYSE">LUMN</a>)
<ul>
<li>Current Price: $5.25</li>
<li>52-Week Range: $0.78 to $7.83</li>
<li>Year-to-Date Return: +17.8%</li>
<li>January/February/March Search Ranking: Not in Top 20</li>
<li>May/June/July Search Ranking: Not in Top 20</li>
</ul>
6. Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)
<ul>
<li>Current Price: $229.00</li>
<li>52-Week Range: $164.08 to $237.23</li>
<li>Year-to-Date Return: +23.4%</li>
<li>January/February/March Search Ranking: 5th/8th/4th</li>
<li>May/June/July Search Ranking: 6th/5th/7th</li>
</ul>
7. Palantir Technologies (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PLTR#NYSE">PLTR</a>)
<ul>
<li>Current Price: $31.48</li>
<li>52-Week Range: $13.68 to $33.12</li>
<li>Year-to-Date Return: +89.9%</li>
<li>January/February/March Search Ranking: Not in Top 20/Not in Top 20/11th</li>
<li>May/June/July Search Ranking: 6th/5th/7th</li>
</ul>
8. Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)
<ul>
<li>Current Price: $148.56</li>
<li>52-Week Range: $93.12 to $227.30</li>
<li>Year-to-Date Return: +7.2%</li>
<li>January/February/March Search Ranking: 12th/14th/8th</li>
<li>May/June/July Search Ranking: 8th/9th/4th</li>
</ul>
9. Invesco QQQ Trust (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>)
<ul>
<li>Current Price: $476.27</li>
<li>52-Week Range: $342.35 to $503.52</li>
<li>Year-to-Date Return: +18.3%</li>
<li>January/February/March Search Ranking: 18th/Not in Top 20/9th</li>
<li>May/June/July Search Ranking: 9th/11th/11th</li>
</ul>
10. GeoVax Labs (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GOVX#NASDAQ">GOVX</a>)
<ul>
<li>Current Price: $4.63</li>
<li>52-Week Range: $1.09 to $11.18</li>
<li>Year-to-Date Return: -16.6%</li>
<li>January/February/March Search Ranking: Not in Top 20</li>
<li>May/June/July Search Ranking: Not in Top 20</li>
</ul>
Did You Know?
<ul>
<li>Congress Is Making Huge Investments. <a href="https://www.benzinga.com/gov-trades/?utm_source=BZprocontent090324">Get Tips On What They Bought And Sold Ahead Of The 2024 Election With Our Easy-to-Use Tool</a></li>
</ul>
Honorable Mentions:&nbsp;The following stocks were the 11th&nbsp;to 20th&nbsp;most-searched tickers on&nbsp;<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent090324&amp;t=be2bearmibe3na1" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>&nbsp;in the first half of 2024:
11. Indonesia Energy Corporation (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/INDO#AMEX">INDO</a>)
12. Virax Biolabs Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRAX#NASDAQ">VRAX</a>)
13. Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>)
14. Cingulate Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CING#NASDAQ">CING</a>)
15. Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>)
16. Serve Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>)
17. Applied DNA Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APDN#NASDAQ">APDN</a>)
18. AST SpaceMobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ASTS#NASDAQ">ASTS</a>)
19. CrowdStrike Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)
20. Intuitive Machines (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LUNR#NASDAQ">LUNR</a>)
Why It's Important: Nvidia was the top searched stock on Benzinga Pro for the month of August thanks to<a href="https://www.benzinga.com/news/earnings/24/08/40613050/nvidia-q2-earnings-guidance-top-street-view-as-ai-fuels-record-data-center-revenue-gross-margin-fal"> its quarterly earnings </a>falling during the calendar month. The company beat estimates from analysts and shared guidance that was ahead of estimates. The stock has consistently ranked as one of the top three most-searched tickers on Benzinga Pro in each month this year. 
Tesla, which topped the month of July, fell to third place for the month of August. The electric vehicle stock has ranked among the four most-searched tickers each month during 2024.
Two ETFs were among the most-searched tickers in August, with SPY ranking second and QQQ ranking ninth. The SPY, which tracks the S&amp;P 500, regularly ranks as one of the top three most searched tickers each month. The QQQ, which tracks the Nasdaq 100, saw a boost in August, re-joining the top 10 for the first time since May.
Super Micro Computer saw a surge in interest in August, likely boosted<a href="https://www.benzinga.com/trading-ideas/short-ideas/24/08/40579899/super-micro-computer-stock-falls-on-short-report-hindenburg-says-company-has-accounting"> by a short report </a>and an update from the company. The stock previously ranked as high as fifth in March before the fourth-place ranking in August. The stock moved back into the top 10 for the first time since June's 10th place ranking.
Two newcomers joined the top 10 most searched tickers list, with Lumen Technologies ranking fifth and GeoVax Labs ranking 10th. Lumen <a href="https://www.benzinga.com/news/24/08/40221474/lumen-technologies-stock-continues-to-soar-whats-going-on">reported quarterly financial results</a> during the month and saw shares soar and gain interest from investors. GeoVax Labs saw high volatility and increased interest related to the<a href="https://www.benzinga.com/general/health-care/24/08/40381585/who-declares-mpox-public-health-emergency-coordinated-international-response-essential-to-hal"> emergency health declaration </a>by the World Health Organization on mpox. GeoVax Labs has vaccines that are said to be effective against mpox.
Falling out of the top 10 were Serve Robotics, which ranked 16th in August and Zapp Electric Vehicles (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZAPP#NASDAQ">ZAPP</a>), which did not rank in the top 20 for August.
The iShares Russell 2000 ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IWM#NYSE">IWM</a>) continues to see strong interest from readers. The ETF, which tracks small cap stocks, ranked 24th in August following a 22nd ranking in July. With a potential Federal Reserve rate cut on the horizon, small cap stocks and ETFs could see increased interest in September.
Read Next: 
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<li><a href="https://www.benzinga.com/exclusives/24/08/40653930/benzingas-stock-whisper-index-5-stocks-investors-secretly-monitor-but-dont-talk-about-yet">Benzinga&#8217;s &#8216;Stock Whisper&#8217; Index: 5 Stocks Investors Secretly Monitor But Don&#8217;t Talk About Yet</a></li>
</ul>
Photo created using artificial intelligence via MidJourney.

Broad U.S. Equity ETFs

Exclusives

Tech

ETFs

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CRWD

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INDO

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LUNR

NVDA

PLTR

SMCI

TSLA

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EXCLUSIVE: Top 20 Most-Searched Tickers On Benzinga Pro In August 2024 – Where Do Tesla, Nvidia, Apple, AMD Stock Rank?

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer said Vertex Pharmaceuticals Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRTX#NASDAQ">VRTX</a>) <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40138336/vertex-pharmaceuticals-lifts-annual-guidance-positive-growth-for-its-cystic-fibrosi">is &#8220;great.&#8221;</a>
On Aug. 1, Vertex Pharmaceuticals reported second-quarter revenues of $2.65 billion, almost in line with the consensus of estimate of $2.66 billion. Vertex raised its 2024 product revenue guidance from $10.55 billion-$10.75 billion to $10.65 billion-$10.85 billion.
When asked about Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>), he said, &#8220;We're not recommending companies that lose a ton of money because it's just not the right time.&#8221;
On Aug. 28, Serve Robotics announced closing of $20 million private placement &amp; warrant exercise.
Builders FirstSource, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLDR#NYSE">BLDR</a>) can &#8220;go higher,&#8221; Cramer said, &#8220;This is precisely the kind of stock you should be buying at this stage in the cycle. Hold on.&#8221;
On Aug. 6, Builders FirstSource reported second-quarter adjusted earnings per share of $3.50, beating the street view of $3.02. Quarterly sales of $4.456 billion missed the street view of $4.483 billion.
&#8220;Here's the problem: it costs so much money to build the factories, they're going to have to get a takeover to be able to do that,&#8221; Cramer said about Viking Therapeutics, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VKTX#NASDAQ">VKTX</a>).
On July 24, Viking Therapeutics reported better-than-expected second-quarter EPS results.
Price Action:
<ul>
<li>Serve Robotics shares fell 1.3% to settle at $9.35 on Wednesday.</li>
<li>Builders FirstSource shares fell 1% to close at $172.90.</li>
<li>Vertex Pharmaceuticals shares gained 2% to close at $489.73.</li>
<li>Viking Therapeutics shares fell 0.4% to settle at $61.16 on Wednesday.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com/news/24/08/40600017/wall-streets-most-accurate-analysts-spotlight-on-3-materials-stocks-delivering-high-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Spotlight On 3 Materials Stocks Delivering High-Dividend Yields</a></li>
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Jim Cramer: 'Hold On' To Builders FirstSource, 'Here's The Problem' With Viking Therapeutics

<a href="https://www.serverobotics.com/">Serve Robotics Inc.</a>&nbsp;("Serve" or "Company") (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>), a leading autonomous sidewalk delivery company,&nbsp;today announced the Company has closed on a securities purchase agreement expected to result in gross proceeds of approximately $20.0 million to the Company. The transaction closed on August 28, 2024.

Offerings

Serve Robotics Announces Closing Of $20M Private Placement & Warrant Exercise; Shares See A Pop To The Upside

<a href="https://www.foxnews.com/tech/your-next-takeout-burger-could-arrive-your-doorstep-via-robot-delivery" title="https://www.foxnews.com/tech/your-next-takeout-burger-could-arrive-your-doorstep-via-robot-delivery">https://www.foxnews.com/tech/your-next-takeout-burger-could-arrive-your-doorstep-via-robot-delivery</a>

Watching Shares Of Serv Robotics; Traders Circulating Earlier Reported Fox Business Article Mentioning The Co.; "Your next takeout burger could arrive at your doorstep via robot delivery; Shake Shack has teamed up with Serve Robotics to deliver meals using autonomous delivery robots"

The Company today announced that it has entered into a securities purchase agreement with a single institutional investor for the purchase and sale, in a private placement, of pre-funded warrants to purchase 555,555 shares of the Company&#39;s common stock (the &quot;Common Stock&quot;), together with a warrant to purchase up to an aggregate of 555,555 shares of Common Stock at an exercise price of&nbsp;$10.00&nbsp;per share (the &quot;Common Warrants&quot;). Each pre-funded warrant to purchase one share of Common Stock together with one Common Warrant to purchase one share of Common Stock is being sold at a purchase price of&nbsp;$9.00. The Common Warrants will be exercisable upon issuance and will expire five and a half years from the date of issuance.

Reported Earlier, Serve Robotics Prices Private Placement & Warrant Exercise For Gross Proceeds Of $20M

U.S. stock futures were slightly higher this morning, with the S&amp;P 500 futures gaining around 0.1% on Monday.
Shares of Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>) fell sharply in today's pre-market trading.
The company announced that the FDA granted tentative approval of YUTREPIA inhalation powder to treat adults with pulmonary arterial hypertension and pulmonary hypertension associated with interstitial lung disease.
Liquidia shares dipped 36.3% to $8.98 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>YXT.COM GROUP HOLDING LIMITED (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/YXT#NASDAQ">YXT</a>) shares dipped 15.5% to $8.47 in pre-market trading after declining around 9% on Friday.</li>
<li>Mereo BioPharma Group plc &#8211; ADR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MREO#NASDAQ">MREO</a>) shares declined 14.8% to $0.5609 in today's pre-market trading after gaining 6% on Friday. Mereo BioPharma Group, last week, reported a quarterly loss of 2 cents per share.</li>
<li>BW LPG Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BWLP#NYSE">BWLP</a>) shares declined 4.5% to $15.25 in pre-market trading.</li>
<li>Shake Shack Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) fell 3.6% to $103.51. Piper Sandler analyst Brian Mullan downgraded Shake Shack from Overweight to Neutral.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares fell 3.1% to $10.81 in pre-market trading. Serve Robotics, last week, announced a partnership with Shake Shack to deliver products using autonomous delivery robots through Uber Eats.</li>
<li>Himalaya Shipping Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HSHP#NYSE">HSHP</a>) shares fell 3% to $7.29 in pre-market trading.</li>
<li>Applied Digital Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/APLD#NASDAQ">APLD</a>) shares fell 2.7% to $3.90.</li>
</ul>
Now Read This: 
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APLD

BWLP

HSHP

LQDA

MREO

SHAK

Liquidia, Shake Shack And Other Big Stocks Moving Lower In Monday's Pre-Market Session

<a href="https://x.com/ServeRobotics/status/1824522496713896358" title="https://x.com/ServeRobotics/status/1824522496713896358">https://x.com/ServeRobotics/status/1824522496713896358</a>

Management

Events

Serve Robotics CEO To Appear On Fox Business At 3:40 PM ET

U.S. stocks traded higher midway through trading, with the Dow Jones index gaining more than 200 points on Wednesday.
The Dow traded up 0.60% to 40,005.76 while the NASDAQ rose 0.01% to 17,189.62. The S&amp;P 500 also rose, gaining, 0.32% to 5,451.67.
Leading and Lagging Sectors Financials shares climbed by 0.6% on Wednesday.
In trading on Wednesday, communication services shares fell 1.5%.
Top Headline
Performance Food Group Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) shares gained 8% on Wednesday following the release of quarterly results.
The company reported fourth quarter adjusted earnings per share of $1.45 (+27.2%), beating the analyst consensus estimate of $1.37. Quarterly sales of $15.189 billion missed the street view of $15.266 billion.
Equities Trading UP &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
<ul>
<li>Avalon Globocare Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALBT#NASDAQ">ALBT</a>) shares shot up 133% to $0.6122 after the company announced its Laboratory Services MSO, LLC has begun manufacturing the GeeWhiz external male catheter.</li>
<li>Shares of Digital Ally Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) got a boost, surging 64% to $1.3803 after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares were also up, gaining 24% to $12.87 after the company announced a partnership with Shake Shack to deliver products using autonomous delivery robots through Uber Eats.</li>
</ul>
Equities Trading DOWN
<ul>
<li>Ouster Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares dropped 26% to $8.10 after the company reported worse-than-expected second-quarter sales results and issued third-quarter revenue guidance below estimates.</li>
<li>Shares of Verrica Pharmaceuticals Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VRCA#NASDAQ">VRCA</a>) were down 27% to $3.8000. On Wednesday, dermatology drug developer Verrica Pharmaceuticals released preliminary results from Part 2 of its Phase 2 trial of VP-315 for basal cell carcinoma.</li>
<li>European Wax Center Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EWCZ#NASDAQ">EWCZ</a>) was down, falling 25% to $5.23 after the company reported second quarter fiscal year 2024 results and named David Berg as Chief Executive Officer.</li>
</ul>
Commodities In commodity news, oil traded down 0.2% to $78.16 while gold traded down 0.6% at $2,493.90.
Silver traded down 0.3% to $27.695 on Wednesday, while copper rose 0.6% to $4.0760.
Euro zone
European shares were higher today. The eurozone's STOXX 600 rose 0.27%, Germany's DAX rose 0.26% and France's CAC 40 rose 0.59%. Spain's IBEX 35 Index rose 0.17%, while London's FTSE 100 rose 0.36%.
Asia Pacific Markets
Asian markets closed mixed on Wednesday, with Japan's Nikkei 225 jumping 0.58%, Hong Kong's Hang Seng Index falling 0.35%, China's Shanghai Composite Index falling 0.60% and S&amp;P BSE Sensex rising 0.19%.
Economics
<ul>
<li>Headline CPI inflation fell from 3% in June to 2.9% in July 2024 on a year-over-year basis, falling short of the consensus forecast of 3% tracked by TradingEconomics.</li>
<li>On a monthly basis, inflation increased by 0.2% in July, rebounding from the previous month&#8217;s contraction of 0.1% and matching estimates of 0.2%.</li>
</ul>
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Equities

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PFGC

VRCA

Dow Jumps Over 200 Points; Performance Food Group Shares Gain After Q4 Results

U.S. stocks were mixed, with the Dow Jones index gaining around 50 points on Wednesday.
Shares of UBS Group AG (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBS#NYSE">UBS</a>) rose during Wednesday's session following strong s<a href="https://www.benzinga.com/news/earnings/24/08/40360422/ubs-q2-earnings-beats-wealth-management-shines-cost-savings-accelerate-more">econd-quarter earnings.</a>
UBS Group reported second-quarter FY24 sales of $11.9 billion, up 25% Y/Y, beating the consensus of $11.3 billion.
Underlying operating profit before tax reached $2.06 billion, significantly higher than $891 million a year ago. EPS of 34 cents beat the consensus of 12 cents.
UBS shares gained 5.6% to $30.89 on Wednesday.
Here are some other big stocks recording gains in today's session.
<ul>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares jumped 29% to $13.40 after the company announced a partnership with Shake Shack to deliver products using autonomous delivery robots through Uber Eats.</li>
<li>Mercury Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRCY#NASDAQ">MRCY</a>) surged 21.9% to $41.43 after the company reported better-than-expected fourth-quarter financial results.</li>
<li>AnaptysBio, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ANAB#NASDAQ">ANAB</a>) gained 18.8% to $39.62 after the company announced a public offering of 2,750,498 shares of common stock at $36.50 per share.</li>
<li>Victoria&#8217;s Secret &amp; Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VSCO#NYSE">VSCO</a>) gained 17.1% to $22.33 after the company announced a new CEO and reported strong preliminary second-quarter financial results.</li>
<li>Nkarta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTX#NASDAQ">NKTX</a>) surged 13.7% to $5.65 following upbeat quarterly earnings.</li>
<li>Marex Group plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRX#NASDAQ">MRX</a>) gained 13% to $23.56 after the company reported better-than-expected second-quarter financial results.</li>
<li>Smith Douglas Homes Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SDHC#NASDAQ">SDHC</a>) jumped 12.2% to $36.54 after the company reported better-than-expected second-quarter revenue results..</li>
<li>Intapp, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTA#NASDAQ">INTA</a>) gained 12.1% to $38.11 after the company reported strong fourth-quarter earnings and issued guidance.</li>
<li>Clover Health Investments, Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CLOV#NASDAQ">CLOV</a>) gained 11.3% to $2.2250 following quarterly results.</li>
<li>Performance Food Group Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PFGC#NYSE">PFGC</a>) climbed 9.7% to $73.58 after the company reported better-than-expected fourth-quarter adjusted EPS results.</li>
<li>XP Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XP#NASDAQ">XP</a>) gained 8.7% to $20.05 following second-quarter results.</li>
<li>Prelude Therapeutics Incorporated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PRLD#NASDAQ">PRLD</a>) gained 8.6% to $6.73.</li>
<li>Flutter Entertainment plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLUT#NYSE">FLUT</a>) gained 8% to $206.76 after the company reported a year-over-year increase in second-quarter financial results..</li>
<li>Kellanova (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/K#NYSE">K</a>) gained 7.9% to $80.39 following a report suggesting Mars is expected to pay $83.50 per share for the company.</li>
<li>Qifu Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) climbed 7.5% to $22.69 following second-quarter results.</li>
<li>LPL Financial Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LPLA#NASDAQ">LPLA</a>) gained 7.1% to $213.53.</li>
</ul>
Now Read This:<a href="https://www.benzinga.com/news/24/08/40362640/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-stocks-with-over-3-dividend-yields"> </a>
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<li><a href="https://www.benzinga.com/news/24/08/40362640/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-stocks-with-over-3-dividend-yields">Wall Street&#8217;s Most Accurate Analysts Weigh In On 3 Tech Stocks With Over 3% Divi</a><a href="https://www.benzinga.com/news/24/08/40362640/wall-streets-most-accurate-analysts-weigh-in-on-3-tech-stocks-with-over-3-dividend-yields">dend Yields</a></li>
</ul>

Intraday Update

ANAB

CLOV

FLUT

INTA

LPLA

MRCY

NKTX

PRLD

QFIN

SDHC

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UBS Posts Upbeat Earnings, Joins Victoria's Secret, Performance Food Group, Kellanova And Other Big Stocks Moving Higher On Wednesday

Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares are trading higher Wednesday after the company reported second-quarter financial results and announced a partnership with Shake Shack Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SHAK#NYSE">SHAK</a>) <a href="https://www.benzinga.com/pressreleases/24/08/n40362105/serve-robotics-and-shake-shack-roll-out-autonomous-robot-delivery-via-uber-eats">for delivery</a>.
What Happened: After the market close on Tuesday, Serve Robotics reported second-quarter revenue of $468,375, versus&nbsp;<a href="https://www.benzinga.com/calendars/earnings" target="_blank" rel="noreferrer noopener">estimates</a>&nbsp;of $400,000. The company reported a quarterly loss of 27 cents, versus estimates for a loss of 25 cents.
Serve averaged 385 daily supply hours during the&nbsp;second quarter, representing a&nbsp;106%&nbsp;increase year-over-year. The company noted that it also achieved an&nbsp;85%&nbsp;increase in daily active robots on a year-over-year basis.
Serve said it commenced manufacturing activities on its 2,000-robot fleet in the second quarter, entered into a purchase and production agreement with&nbsp;<a href="https://www.benzinga.com/quote/MGA" target="_blank" rel="noreferrer noopener">Magna</a>&nbsp;and signed an amendment expanding its supply agreement with&nbsp;<a href="https://www.benzinga.com/quote/OUST" target="_blank" rel="noreferrer noopener">Ouster</a>&nbsp;to equip its robots with upgraded sensors.
"I am particularly pleased to announce that Serve has completed the design of our third-generation robot.&nbsp;Looking ahead, we are focused on executing Serve's fleet expansion plan to deploy at least 250 additional robots in&nbsp;Los Angeles&nbsp;by the end of&nbsp;Q1&nbsp;2025," said&nbsp;Ali&nbsp;Kashani,&nbsp;co-founder and CEO of Serve Robotics.
"We believe our continued execution of this plan through year-end 2025 will position Serve to deploy all 2,000 robots under our Uber Eats agreement, which at full utilization is expected to generate&nbsp;$60&nbsp;to&nbsp;$80 million&nbsp;in run-rate revenue annually."
Serve Robotics shares have seen increased attention in recent weeks leading up to earnings, rising more than 335% over the past month. Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)&nbsp;reported a&nbsp;<a href="https://www.benzinga.com/news/24/07/39860370/serve-robotics-stock-rises-after-nvidia-discloses-10-stake" target="_blank" rel="noreferrer noopener">10% stake</a>&nbsp;in the robotics company in mid-July.
See Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40364805/meta-dell-and-a-major-tech-stock-on-cnbcs-final-trades">Meta, Dell And A Major Tech Stock On CNBC&#8217;s &#8216;Final Trades&#8217;</a>
What Else: Serve announced a partnership with Shake Shack to deliver the company&#8217;s orders using Serve&#8217;s autonomous delivery robots via Uber Technologies Inc&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>) Uber Eats.
Customers who order from select Shake Shack restaurants in&nbsp;Los Angeles&nbsp;using Uber Eats may get their orders delivered via Serve&#8217;s autonomous robots. Uber Eats has been offering autonomous deliveries through Serve in Los Angeles since 2022.
&#8220;We are excited to add another national merchant like Shake Shack to our platform, a partnership made possible through the relationship we have built with Uber Eats across tens of thousands of successful deliveries,&#8221; said&nbsp;Touraj Parang, president and COO of Serve Robotics. 
&#8220;Today&#8217;s announcement highlights the value of Serve&#8217;s world-class strategic partnerships as we work to expand our geographic footprint and deploy 2,000 robots across the U.S. in 2025.&#8221;
SERV Price Action: <a href="http://benzinga.com/quote/serv" target="_blank" rel="noreferrer noopener">Serve Robotics shares</a> were up 34.2% at $13.90 at the time of publication, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Serve Robotics.

UBER

Serve Robotics Stock Is Surging Wednesday: What's Going On?

General

CORRECTION: Serve Robotics Ticker Is 'SERV'

Serve Robotics And Shake Shack Announced A Partnership To Deliver Shake Shack Using Serve's Autonomous Delivery Robots Via Uber Eats, The Delivery Platform Of Uber Technologies

Shares of Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) rose sharply in today's pre-market trading as the company reported better-than-expected <a href="https://www.benzinga.com/news/earnings/24/08/40353930/nvidia-backed-serve-robotics-pops-on-q2-earnings-everything-you-need-to-know">second-quarter sales results.</a>
Serve Robotics reported quarterly losses of 27 cents per share which missed the analyst consensus estimate for a loss of 25 cents per share. The company reported quarterly sales of $468.375 thousand which beat the analyst consensus estimate of $400.000 thousand.
Serve Robotics shares jumped 14% to $11.82 in pre-market trading.
Here are some other stocks moving in pre-market trading.
<h3 class="wp-block-heading">Gainers</h3>
<ul>
<li>Digital Ally, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DGLY#NASDAQ">DGLY</a>) rose 80.7% to $1.52 in today's pre-market trading after the company was granted a U.S. Patent for tracking and analysis of drivers within a fleet of vehicles.</li>
<li>Conduit Pharmaceuticals Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CDT#NASDAQ">CDT</a>) gained 40.7% to $0.1934 in pre-market trading after falling 19% on Tuesday.</li>
<li>Nuburu, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BURU#NYSE">BURU</a>) gained 19.5% to $1.90 in pre-market trading after dipping more than 12% on Tuesday.</li>
<li>Vertex Energy, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VTNR#NASDAQ">VTNR</a>) jumped 16% to $0.52 in pre-market trading after jumping over 10% on Tuesday. Vertex Energy, last week, reported mixed second-quarter financial results.</li>
<li>Revelation Biosciences, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/REVB#NASDAQ">REVB</a>) gained 15.5% to $1.04 in pre-market trading. Revelation Biosciences, last week, posted a second-quarter GAAP loss of $5.13 per share.</li>
<li>Nkarta, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NKTX#NASDAQ">NKTX</a>) gained 15.4% to $5.74 in pre-market trading as the company posted a narrower-than-expected quarterly loss.</li>
<li>Laser Photonics Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LASE#NASDAQ">LASE</a>) gained 12.5% to $3.78 after tumbling over 22% on Tuesday.</li>
<li>Snail, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNAL#NASDAQ">SNAL</a>) shares rose 8.7% to $0.8899 in pre-market trading after the company reported second-quarter results.</li>
<li>Qifu Technology, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QFIN#NASDAQ">QFIN</a>) gained 6.7% to $22.52 in pre-market trading after the company reported second-quarter results and said Hongyi Zhou has resigned as Director and Chairman of Board for personal reasons.</li>
</ul>
<h3 class="wp-block-heading">Losers</h3>
<ul>
<li>TC Biopharm (Holdings) Plc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBP#NASDAQ">TCBP</a>) shares declined 38.2% to $2.28 in pre-market trading after the company announced the pricing of a 2 million unit offering at $1 per unit.</li>
<li>Bionomics Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BNOX#NASDAQ">BNOX</a>) declined 27.3% to $0.44 in pre-market trading.</li>
<li>Iveda Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IVDA#NASDAQ">IVDA</a>) shares declined 23.2% to $0.2840 in pre-market trading after declining 8% on Tuesday.</li>
<li>Santech Holdings Limited (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/STEC#NASDAQ">STEC</a>) shares dipped 20.5% to $0.2050 in pre-market trading after jumping 18% on Tuesday.</li>
<li>Alternus Clean Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALCE#NASDAQ">ALCE</a>) fell 17.1% to $0.19 in today's pre-market trading.</li>
<li>Ouster, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NYSE">OUST</a>) shares fell 16.9% to $9.04 in pre-market trading after the company reported worse-than-expected second-quarter sales results and issued weak third-quarter revenue guidance.</li>
<li>QuickLogic Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QUIK#NASDAQ">QUIK</a>) shares fell 16.2% to $7.89 in pre-market trading after reporting second-quarter results.</li>
<li>WISeKey International Holding AG (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKEY#NASDAQ">WKEY</a>) fell 15.5% to $2.60 in pre-market trading after jumping 23% on Tuesday.</li>
<li>Twin Vee Powercats Co. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VEEE#NASDAQ">VEEE</a>) shares fell 15.5% to $0.4055 in pre-market trading after declining around 5% on Tuesday.</li>
<li>SeaStar Medical Holding Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ICU#NASDAQ">ICU</a>) fell 13.5% to $5.23 pre-market trading after reporting second-quarter results.</li>
</ul>
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ALCE

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Why Serve Robotics Shares Are Trading Higher By Around 14%; Here Are 20 Stocks Moving Premarket

With U.S. stock futures trading mixed this morning on Wednesday, some of the stocks that may grab investor focus today are as follows:
<ul>
<li>Wall Street expects Brinker International, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EAT#NYSE">EAT</a>) to report quarterly earnings at $1.65 per share on revenue of $1.16 billion before the opening bell, according to data from <a href="https://pro.benzinga.com/">Benzinga Pro</a>. Brinker shares fell 0.1% to $70.35 in after-hours trading.</li>
<li>Serve Robotics Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) reported better-than-expected second-quarter sales results. Serve Robotics shares jumped 16.7% to $12.10 in the after-hours trading session.</li>
<li>Analysts are expecting Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>) to post quarterly earnings at 85 cents per share on revenue of $13.54 billion. The company will release earnings after the markets close. Cisco shares fell 0.1% to $45.35 in after-hours trading.</li>
</ul>
Check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
<ul>
<li>Ouster, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OUST#NASDAQ">OUST</a>) reported worse-than-expected second-quarter sales results and issued weak third-quarter revenue guidance. Ouster shares dipped 16.4% to $9.10 in the after-hours trading session.</li>
<li>Analysts expect Cardinal Health, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAH#NYSE">CAH</a>) to post quarterly earnings at 36 cents per share on revenue of $770.39 million before the opening bell. Cardinal Health shares gained 1.1% to $103.75 in after-hours trading.</li>
</ul>
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Brinker International, Cisco And 3 Stocks To Watch Heading Into Wednesday

Serve Robotics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) shares are moving higher in Tuesday&#8217;s after-hours session on the heels of the company&#8217;s <a href="https://www.benzinga.com/pressreleases/24/08/n40350788/serve-robotics-announces-second-quarter-2024-results">second-quarter financial results</a>.
<ul>
<li>Q2 Revenue: $468,375, versus <a href="https://www.benzinga.com/calendars/earnings">estimates</a> of $400,000</li>
</ul>
<ul>
<li>Q2 EPS: Loss of 27 cents, versus estimates for a loss of 25 cents</li>
</ul>
Serve averaged 385 daily supply hours during the&nbsp;second quarter, representing a&nbsp;106%&nbsp;increase year-over-year. The company noted that it also achieved an&nbsp;85%&nbsp;increase in daily active robots on a year-over-year basis.
Serve said it commenced manufacturing activities on its 2,000-robot fleet in the second quarter, entered into a purchase and production agreement with <a href="https://www.benzinga.com/quote/MGA">Magna</a> and signed an amendment expanding its supply agreement with <a href="https://www.benzinga.com/quote/OUST">Ouster</a> to equip its robots with upgraded sensors.
See Also: <a href="https://www.benzinga.com/news/earnings/24/08/40352393/ouster-shares-fall-after-q2-results-heres-why">Ouster Shares Fall After Q2 Results: Here&#8217;s Why</a>
Serve Robotics noted $300,000 of its software services revenue came from the company&#8217;s software services agreement with Magna. The services contract with Magna was significantly completed during the second quarter, so the company doesn&#8217;t anticipate material software services revenue in the third quarter.
Serve Robotics ended the quarter with&nbsp;$28.8 million&nbsp;in cash and cash equivalents.
&#8220;I am particularly pleased to announce that Serve has completed the design of our third-generation robot. Looking ahead, we are focused on executing Serve&#8217;s fleet expansion plan to deploy at least 250 additional robots in Los Angeles by the end of Q1 2025,&#8221; said Ali Kashani, co-founder and CEO of Serve Robotics.
&#8220;We believe our continued execution of this plan through year-end 2025 will position Serve to deploy all 2,000 robots under our Uber Eats agreement, which at full utilization is expected to generate $60 to $80 million in run-rate revenue annually.&#8221;
Don&#8217;t Miss: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40349969/stock-of-the-day-is-apple-the-alpha-stock">Stock Of The Day: Is Apple The Alpha Stock?</a>
Serve Robotics went public via reverse merger with Patricia Acquisition Corp. According to <a href="https://techcrunch.com/2023/08/10/uber-nvidia-backed-delivery-robot-startup-serve-robotics-to-go-public/?guccounter=1&amp;guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&amp;guce_referrer_sig=AQAAAGtcb64bIwGTyTkg369BaKjiIth_ncMWIuozwSS-NvlOkMJFOCGJWC8RdBpn8DuR7oeAY4tKMRUsT3QyuPztSCkfrNvplbEa-7wDNdxMtCzoW9nAEkjvKtP1RJ4YNoYlxYihRUCRPG3kBNYccP-vCqpxbhjkP-DlYPFCYt-7HwAC" target="_blank" rel="noreferrer noopener">TechCrunch</a>, Serve Robotics was initially started as the robotics division of Postmates. The autonomous sidewalk robots started delivering to Postmates customers in 2018, but when Uber acquired Postmates in 2020, the robotics division was spun out as Serve Robotics.
Serve Robotics shares have seen increased attention in recent weeks leading up to earnings, rising more than 330% over the past month. NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) reported a <a href="https://www.benzinga.com/news/24/07/39860370/serve-robotics-stock-rises-after-nvidia-discloses-10-stake" target="_blank" rel="noreferrer noopener">10% stake</a> in the robotics company in mid-July.
SERV Price Action: At publication time, <a href="http://benzinga.com/quote/serv">Serve Robotics shares</a> were up 11.38% at $11.55 in extended trading, according to <a href="http://pro.benzinga.com/" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>.
Photo: courtesy of Serve Robotics.

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Nvidia-Backed Serve Robotics Pops On Q2 Earnings: Everything You Need To Know

Serve Robotics shares are trading higher after the company reported better-than-expected Q2 sales results.

Serve Robotics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>) reported quarterly losses of $(0.27) per share which missed the analyst consensus estimate of $(0.25) by 8 percent. This is a 63.51 percent increase over losses of $(0.74) per share from the same period last year. The company reported quarterly sales of $468.375 thousand which beat the analyst consensus estimate of $400.000 thousand by 17.09 percent. This is a 655.33 percent increase over sales of $62.009 thousand the same period last year.

Earnings Beats

Earnings Misses

Serve Robotics Q2 2024 GAAP EPS $(0.27) Misses $(0.25) Estimate, Sales $468.375K Beat $400.000K Estimate

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>RIVN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/30/24</td>
<td>$16.00</td>
<td>$800.5K</td>
<td>434</td>
<td>18.3K</td>
</tr>
<tr>
<td>AMZN</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>08/09/24</td>
<td>$155.00</td>
<td>$67.5K</td>
<td>9.9K</td>
<td>11.2K</td>
</tr>
<tr>
<td>SERV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/16/24</td>
<td>$11.00</td>
<td>$63.0K</td>
<td>12</td>
<td>2.7K</td>
</tr>
<tr>
<td>MGM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>08/09/24</td>
<td>$35.00</td>
<td>$35.6K</td>
<td>324</td>
<td>1.8K</td>
</tr>
<tr>
<td>SBUX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$85.00</td>
<td>$38.0K</td>
<td>9.2K</td>
<td>1.6K</td>
</tr>
<tr>
<td>TSLA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/18/26</td>
<td>$200.00</td>
<td>$38.0K</td>
<td>4.3K</td>
<td>1.2K</td>
</tr>
<tr>
<td>NKE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$75.00</td>
<td>$74.7K</td>
<td>7.9K</td>
<td>916</td>
</tr>
<tr>
<td>PDD</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$130.00</td>
<td>$30.6K</td>
<td>6.0K</td>
<td>836</td>
</tr>
<tr>
<td>CZR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/20/24</td>
<td>$39.00</td>
<td>$58.8K</td>
<td>1.5K</td>
<td>602</td>
</tr>
<tr>
<td>ETSY</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$45.00</td>
<td>$33.9K</td>
<td>1.1K</td>
<td>521</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• For RIVN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>), we notice a call option trade that happens to be bullish, expiring in 24 day(s) on August 30, 2024. This event was a transfer of 8339 contract(s) at a $16.00 strike. The total cost received by the writing party (or parties) was $800.5K, with a price of $96.0 per contract. There were 434 open contracts at this strike prior to today, and today 18392 contract(s) were bought and sold. 
• For AMZN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>), we notice a put option trade that happens to be bullish, expiring in 3 day(s) on August 9, 2024. This event was a transfer of 1500 contract(s) at a $155.00 strike. The total cost received by the writing party (or parties) was $67.5K, with a price of $45.0 per contract. There were 9915 open contracts at this strike prior to today, and today 11261 contract(s) were bought and sold. 
• For SERV (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SERV#NASDAQ">SERV</a>), we notice a call option trade that happens to be bearish, expiring in 10 day(s) on August 16, 2024. This event was a transfer of 100 contract(s) at a $11.00 strike. The total cost received by the writing party (or parties) was $63.0K, with a price of $630.0 per contract. There were 12 open contracts at this strike prior to today, and today 2765 contract(s) were bought and sold. 
• For MGM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MGM#NYSE">MGM</a>), we notice a call option sweep that happens to be neutral, expiring in 3 day(s) on August 9, 2024. This event was a transfer of 415 contract(s) at a $35.00 strike. This particular call needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $35.6K, with a price of $84.0 per contract. There were 324 open contracts at this strike prior to today, and today 1813 contract(s) were bought and sold. 
• Regarding SBUX (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>), we observe a call option sweep with bearish sentiment. It expires in 73 day(s) on October 18, 2024. Parties traded 464 contract(s) at a $85.00 strike. This particular call needed to be split into 10 different trades to become filled. The total cost received by the writing party (or parties) was $38.0K, with a price of $82.0 per contract. There were 9208 open contracts at this strike prior to today, and today 1691 contract(s) were bought and sold. 
• Regarding TSLA (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>), we observe a call option trade with bearish sentiment. It expires in 864 day(s) on December 18, 2026. Parties traded 5 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $38.0K, with a price of $7600.0 per contract. There were 4315 open contracts at this strike prior to today, and today 1208 contract(s) were bought and sold. 
• For NKE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NKE#NYSE">NKE</a>), we notice a put option sweep that happens to be bearish, expiring in 73 day(s) on October 18, 2024. This event was a transfer of 130 contract(s) at a $75.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $74.7K, with a price of $575.0 per contract. There were 7943 open contracts at this strike prior to today, and today 916 contract(s) were bought and sold. 
• For PDD (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PDD#NASDAQ">PDD</a>), we notice a put option trade that happens to be bullish, expiring in 73 day(s) on October 18, 2024. This event was a transfer of 42 contract(s) at a $130.00 strike. The total cost received by the writing party (or parties) was $30.6K, with a price of $730.0 per contract. There were 6017 open contracts at this strike prior to today, and today 836 contract(s) were bought and sold. 
• Regarding CZR (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>), we observe a call option trade with bearish sentiment. It expires in 136 day(s) on December 20, 2024. Parties traded 200 contract(s) at a $39.00 strike. The total cost received by the writing party (or parties) was $58.8K, with a price of $294.0 per contract. There were 1582 open contracts at this strike prior to today, and today 602 contract(s) were bought and sold. 
• For ETSY (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ETSY#NASDAQ">ETSY</a>), we notice a put option sweep that happens to be bearish, expiring in 528 day(s) on January 16, 2026. This event was a transfer of 51 contract(s) at a $45.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $33.9K, with a price of $665.0 per contract. There were 1181 open contracts at this strike prior to today, and today 521 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Options

ETSY

Citigourp Global Markets 2% Protected Notes Linked To The Djia

RIVN

SBUX

10 Consumer Discretionary Stocks With Whale Alerts In Today's Session

Serve Robotics Inc. GAAP EPS of -$0.27 misses by $0.02, revenue of $468.3M

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Serve Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/serv-stock-quote/">SERV</a>) stock is on the rise Wednesday after the autonomous delivery robots company <a href="https://finance.yahoo.com/news/serve-robotics-shake-shack-roll-110000932.html">announced a new collaboration</a> with Shake Shack (NYSE:<a href="https://investorplace.com/stock-quotes/shak-stock-quote/">SHAK</a>).



With this agreement Serve Robotics&rsquo; autonomous delivery robots will be used to deliver food from Shake Shack to customers. Also included in this partnership is Uber (NYSE:<a href="https://investorplace.com/stock-quotes/uber-stock-quote/">UBER</a>), which will handle the orders through its Uber Eats platform.



It&rsquo;s worth highlighting that this delivery partnership is only available for residents ordering from Shake Shack locations in Los Angeles. This builds on the autonomous delivery services that Serve Robotics has offered in the city since 2022.



Touraj Parang, president and Chief Operating Officer of Serve Robotics, said the following about the partnership.




&ldquo;Today&rsquo;s announcement highlights the value of Serve&rsquo;s world-class strategic partnerships as we work to expand our geographic footprint and deploy 2,000 robots across the U.S. in 2025.&rdquo;




<h2>How This Affects SERV Stock Today</h2>



News of this partnership is shedding extra light on SERV stock and that brings with it heavy trading. This has more than 32 million shares of the stock changing hands as of this writing. To put that in perspective, the company&rsquo;s daily average trading volume is about 15.8 million shares.



SERV stock is up 19.8% as of Wednesday afternoon.



There are plenty of other stock market stories traders need to know about today!



We have all of the hottest stock market news investors need to know about on Wednesday! A few examples include what&rsquo;s going on with shares of Flutter Entertainment&nbsp;(NYSE:<a href="https://investorplace.com/stock-quotes/flut-stock-quote/">FLUT</a>), Edible Garden&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/edbl-stock-quote/">EDBL</a>) and Conduit Pharmaceuticals&nbsp;(NASDAQ:<a href="https://investorplace.com/stock-quotes/cdt-stock-quote/">CDT</a>) stock. You can read up on all of these matters at the links below!



<h2>More Stock Market News for Wednesday</h2>



<ul><li><a href="https://investorplace.com/2024/08/why-is-flutter-entertainment-flut-stock-up-8-today/">Why Is Flutter Entertainment (FLUT) Stock Up 8% Today?</a></li>



<li><a href="https://investorplace.com/2024/08/why-is-edible-garden-edbl-stock-up-10-today/">Why Is Edible Garden (EDBL) Stock Up 10% Today?</a></li>



<li><a href="https://investorplace.com/2024/08/why-is-conduit-pharmaceuticals-cdt-stock-up-12-today/">Why Is Conduit Pharmaceuticals (CDT) Stock Up 12% Today?</a></li>
</ul>On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the&nbsp;InvestorPlace.com&nbsp;<a href="https://investorplace.com/corporate/investorplace-publishing-guidelines/" target="_blank">Publishing Guidelines</a>.
<h3>More From InvestorPlace</h3>
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Serve Robotics (NASDAQ:<a href="https://investorplace.com/stock-quotes/serv-stock-quote/">SERV</a>) just reported results for the second quarter of 2024.<ul><li>Serve Robotics reported earnings per share of -27 cents.</li><li>The company reported revenue of $468,375.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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