Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Toast Inc shares valued at $329,841 were sold by Gomez Elena on May 08 ’24. At $26.39 per share, Gomez Elena sold 12,500 shares. The insider’s holdings dropped to 176,980 shares worth approximately $4.75 million following the completion of this transaction.
Also, Matlock James Michael sold 4,151 shares, netting a total of over 96,250 in proceeds. Following the sale of shares at $23.19 each, the insider now holds 46,510 shares.
Before that, Matlock James Michael had sold 6,098 shares from its account. In a trade valued at $140,010, the Principal Accounting Officer traded Toast Inc shares for $22.96 each. Upon closing the transaction, the insider’s holdings decreased to 6,098 shares, worth approximately $1.36 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 14.71%. Over the course of the year, Toast Inc shares have jumped approximately 46.88%. Shares of the company reached a 52-week high of $27.57 on 05/09/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $23.75, while a 200-day SMA reached $19.84. Nevertheless, trading volume fell to 15.0 million shares from 13.82 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 26.38, which, if violated, would cause prices to drop to 25.95. In the upper region, resistance lies at 27.41. The next price resistance is at 28.01. RSI (Relative Strength Index) is 68.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.00, which suggests the price will increase in the coming days. Percent R is at 12.42%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
