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 $280,590 were purchased by Narang Aman on Oct 02 ’24. At $27.76 per share, Narang Aman acquired 10,106 shares.
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Also, Fredette Stephen purchased 5,511 shares, netting a total of over 153,011 in proceeds.
Before that, Gomez Elena had added 18,650 shares to its account. In a trade valued at $517,812, the Officer bought Toast Inc shares for $27.76 each.
As published in their initiating research note from Cleveland Research on September 27, 2024, Toast Inc [TOST] has been a Buy and the price target has been revised to $33. Analysts at Mizuho upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in mid July. As of May 24, 2024, Wedbush has initiated its “an Outperform” rating for TOST. Earlier on May 21, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for TOST stock which previously was a “an Outperform”.
Analyzing TOST Stock Performance
During the last five days, there has been a surge of approximately 1.26%. Over the course of the year, Toast Inc shares have jumped approximately 50.22%. Shares of the company reached a 52-week high of $29.92 on 09/27/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $25.27, while a 200-day SMA reached $23.22. Nevertheless, trading volume fell to 7.24 million shares from 6.15 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 27.14, which, if violated, would cause prices to drop to 26.84. In the upper region, resistance lies at 28.00. The next price resistance is at 28.57. RSI (Relative Strength Index) is 57.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.75, which suggests the price will decrease in the coming days. Percent R is at 62.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
