Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Toast Inc shares valued at $1,145,033 were sold by Vassil Jonathan on Apr 15 ’24. At $22.90 per share, Vassil Jonathan sold 50,000 shares. The insider’s holdings dropped to 25,422 shares worth approximately $0.56 million following the completion of this transaction.
Also, Matlock James Michael sold 798 shares, netting a total of over 18,346 in proceeds. Following the sale of shares at $22.99 each, the insider now holds 40,156 shares.
Before that, Gomez Elena had sold 15,063 shares from its account. In a trade valued at $352,414, the Chief Financial Officer traded Toast Inc shares for $23.40 each. Upon closing the transaction, the insider’s holdings decreased to 15,063 shares, worth approximately $4.16 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 drop of approximately -9.65%. Over the course of the year, Toast Inc shares have jumped approximately 21.52%. 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 $22.85, while a 200-day SMA reached $19.83. Nevertheless, trading volume fell to 4.31 million shares from 3.92 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 21.94, which, if violated, would cause prices to drop to 21.69. In the upper region, resistance lies at 22.60. The next price resistance is at 23.00. RSI (Relative Strength Index) is 42.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.79, which suggests the price will decrease in the coming days. Percent R is at 96.86%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
