Toast Inc [TOST] Insider Matlock James Michael sells 4,151 Shares

Toast Inc’s recently made public that its Principal Accounting Officer Matlock James Michael unloaded Company’s shares for reported $75561.0 on Feb 05. In the deal valued at $18.20 per share,4,151 shares were sold. As a result of this transaction, Matlock James Michael now holds 39,733 shares worth roughly $0.77 million.

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Then, Matlock James Michael sold 5,804 shares, generating $108,674 in total proceeds. Upon selling the shares at $18.72, the Principal Accounting Officer now owns 43,884 shares.

Before that, Gomez Elena sold 1,326 shares. Toast Inc shares valued at $24,828 were divested by the Chief Financial Officer at a price of $18.72 per share. As a result of the transaction, Gomez Elena now holds 172,901 shares, worth roughly $3.33 million.

Redburn Atlantic upgraded its Toast Inc [TOST] rating to a Buy from a a Neutral in a research note published recently.

Price Performance Review of TOST

On Friday, Toast Inc [NYSE:TOST] saw its stock jump 1.00% to $19.28. Over the last five days, the stock has gained 3.27%. Toast Inc shares have risen nearly 5.59% since the year began. Nevertheless, the stocks have fallen -17.75% over the past one year. While a 52-week high of $27.00 was reached on 01/10/24, a 52-week low of $13.77 was recorded on 01/25/24. SMA at 50 days reached $17.40, while 200 days put it at $19.31. A total of 7.47 million shares were traded, compared to the trading of 7.87 million shares in the previous session.

Levels Of Support And Resistance For TOST Stock

The 24-hour chart illustrates a support level at 18.96, which if violated will result in even more drops to 18.65. On the upside, there is a resistance level at 19.62. A further resistance level may holdings at 19.96. The Relative Strength Index (RSI) on the 14-day chart is 60.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.62%. Stochastics %K at 89.62% indicates the stock is a selling.

How much short interest is there in Toast Inc?

A steep rise in short interest was recorded in Toast Inc stocks on Jan 31, 2024, growing by 3.87 million shares to a total of 33.41 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 29.54 million shares. There was a rise of 11.58%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.03% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.57.

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