The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Toast Inc shares valued at $352,414 were sold by Gomez Elena on Apr 02 ’24. At $23.40 per share, Gomez Elena sold 15,063 shares. The insider’s holdings dropped to 187,609 shares worth approximately $4.61 million following the completion of this transaction.
Also, Narang Aman sold 2,471 shares, netting a total of over 57,812 in proceeds. Following the sale of shares at $23.40 each, the insider now holds 1,114,454 shares.
Before that, Vassil Jonathan had sold 2,282 shares from its account. In a trade valued at $53,390, the Chief Revenue Officer traded Toast Inc shares for $23.40 each. Upon closing the transaction, the insider’s holdings decreased to 2,282 shares, worth approximately $0.62 million.
As published in their initiating research note from Keefe Bruyette on April 09, 2024, Toast Inc [TOST] has been a Mkt perform and the price target has been revised to $25. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early March. As of March 04, 2024, Evercore ISI has initiated its “an Outperform” rating for TOST. Earlier on February 07, 2024, Redburn Atlantic upgraded its rating. Their new recommendation was “a Buy” for TOST stock which previously was a “a Neutral”.
Analyzing TOST Stock Performance
During the last five days, there has been a surge of approximately 5.59%. Over the course of the year, Toast Inc shares have jumped approximately 34.50%. Shares of the company reached a 52-week high of $25.63 on 03/07/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $22.41, while a 200-day SMA reached $19.83. Nevertheless, trading volume fell to 8.16 million shares from 5.27 million shares the previous day.
Support And Resistance Levels for Toast Inc (TOST)
According to the 24-hour chart, there is a support level at 23.59, which, if violated, would cause prices to drop to 22.62. In the upper region, resistance lies at 25.05. The next price resistance is at 25.54. RSI (Relative Strength Index) is 58.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.05, which suggests the price will decrease in the coming days. Percent R is at 24.35%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Toast Inc subject to short interest?
Stocks of Toast Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -4.42 million shares to 26.9 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 31.32 million shares. A decline of -16.43% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.59 of the overall float, the days-to-cover ratio (short ratio) decline to 2.59.
