Toast Inc’s filing revealed that its President Fredette Stephen unloaded Company’s shares for reported $1.15 million on Oct 09 ’24. In the deal valued at $29.02 per share,39,768 shares were sold. As a result of this transaction, Fredette Stephen now holds 1,795,301 shares worth roughly $50.88 million.
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Then, Fredette Stephen sold 6,399 shares, generating $185,584 in total proceeds. Upon selling the shares at $29.00, the President now owns 1,835,069 shares.
Before that, Fredette Stephen bought 54,560 shares. Toast Inc shares valued at $1,588,202 were divested by the Officer at a price of $29.11 per share.
Cleveland Research initiated its Toast Inc [TOST] rating to a Buy in a research note published on September 27, 2024; the price target was $33. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in mid July from “a Neutral” to “an Outperform”. Wedbush began covering TOST with “an Outperform” recommendation on May 24, 2024. Robert W. Baird revised its rating on May 21, 2024. It rated TOST as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of TOST
On Friday, Toast Inc [NYSE:TOST] saw its stock fall -1.94% to $28.34. Over the last five days, the stock has lost -1.49%. Toast Inc shares have risen nearly 55.20% since the year began. Nevertheless, the stocks have risen 50.66% over the past one year. While a 52-week high of $29.92 was reached on 09/27/24, a 52-week low of $13.77 was recorded on 01/25/24. SMA at 50 days reached $25.69, while 200 days put it at $23.60.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 27.78, which if violated will result in even more drops to 27.23. On the upside, there is a resistance level at 28.83. A further resistance level may holdings at 29.33. The Relative Strength Index (RSI) on the 14-day chart is 58.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.84%. Stochastics %K at 63.14% indicates the stock is a holding.
How much short interest is there in Toast Inc?
A steep rise in short interest was recorded in Toast Inc stocks on 2024-09-30, dropping by -3.29 million shares to a total of 34.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 37.55 million shares. There was a decline of -9.61%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 09, 2024 when Keefe Bruyette began covering the stock and recommended ‘”a Mkt perform”‘ rating along with a $25 price target.
