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Toast Inc [TOST] Records 200-Day SMA of $20.16

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Toast Inc shares valued at $1,289,440 were sold by Vassil Jonathan on May 23 ’24. At $25.79 per share, Vassil Jonathan sold 50,000 shares. The insider’s holdings dropped to 26,897 shares worth approximately $0.61 million following the completion of this transaction.

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Also, Matlock James Michael sold 700 shares, netting a total of over 19,349 in proceeds. Following the sale of shares at $27.64 each, the insider now holds 45,810 shares.

Before that, Gomez Elena had sold 12,500 shares from its account. In a trade valued at $329,841, the Chief Financial Officer traded Toast Inc shares for $26.39 each. Upon closing the transaction, the insider’s holdings decreased to 12,500 shares, worth approximately $4.0 million.

As published in their initiating research note from Wedbush on May 24, 2024, Toast Inc [TOST] has been an Outperform and the price target has been revised to $30. Analysts at Robert W. Baird downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in late May. As of April 09, 2024, Keefe Bruyette has initiated its “Mkt perform” rating for TOST. Earlier on March 07, 2024, Exane BNP Paribas upgraded its rating. Their new recommendation was “an Outperform” 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 -4.19%. Over the course of the year, Toast Inc shares have jumped approximately 23.88%. Shares of the company reached a 52-week high of $27.90 on 05/16/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $24.22, while a 200-day SMA reached $20.16. Nevertheless, trading volume fell to 4.95 million shares from 6.42 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 22.27, which, if violated, would cause prices to drop to 21.93. In the upper region, resistance lies at 23.09. The next price resistance is at 23.57. RSI (Relative Strength Index) is 36.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.16, which suggests the price will decrease in the coming days. Percent R is at 90.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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