Toast Inc’s recent filing unveils that its Chief Financial Officer Gomez Elena unloaded Company’s shares for reported $0.35 million on Apr 02 ’24. In the deal valued at $23.40 per share,15,063 shares were sold. As a result of this transaction, Gomez Elena now holds 187,609 shares worth roughly $4.35 million.
Then, Narang Aman sold 2,471 shares, generating $57,812 in total proceeds. Upon selling the shares at $23.40, the CEO now owns 1,114,454 shares.
Before that, Vassil Jonathan sold 2,282 shares. Toast Inc shares valued at $53,390 were divested by the Chief Revenue Officer at a price of $23.40 per share. As a result of the transaction, Vassil Jonathan now holds 25,422 shares, worth roughly $0.59 million.
Exane BNP Paribas upgraded its Toast Inc [TOST] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who began to cover the stock in early March with a ‘”an Outperform”‘ rating. Redburn Atlantic also remained covering TOST and has increased its forecast on February 07, 2024 with a “Buy” recommendation from previously “Neutral” rating. RBC Capital Mkts started covering the stock on January 31, 2024. It rated TOST as “a Sector perform”.
Price Performance Review of TOST
On Monday, Toast Inc [NYSE:TOST] saw its stock jump 0.22% to $23.17. Over the last five days, the stock has lost -4.77%. Toast Inc shares have risen nearly 26.89% since the year began. Nevertheless, the stocks have risen 41.54% over the past one year. While a 52-week high of $27.00 was reached on 03/07/24, a 52-week low of $13.77 was recorded on 01/25/24. SMA at 50 days reached $22.07, while 200 days put it at $19.80. A total of 4.87 million shares were traded, compared to the trading of 6.24 million shares in the previous session.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 22.97, which if violated will result in even more drops to 22.78. On the upside, there is a resistance level at 23.47. A further resistance level may holdings at 23.78. The Relative Strength Index (RSI) on the 14-day chart is 48.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.23%. Stochastics %K at 23.30% indicates the stock is a holding.
How much short interest is there in Toast Inc?
A steep rise in short interest was recorded in Toast Inc stocks on Mar 15, 2024, dropping by -4.42 million shares to a total of 26.9 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 31.32 million shares. There was a decline of -16.43%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 6.29% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.59.
