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 $1,175,000 were purchased by Fredette Stephen on Oct 16 ’24. At $29.04 per share, Fredette Stephen acquired 40,459 shares.
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Also, Fredette Stephen sold 54,560 shares, netting a total of over 1,588,187 in proceeds. Following the sale of shares at $29.11 each, the insider now holds 1,740,741 shares.
Before that, Fredette Stephen had sold 39,768 shares from its account. In a trade valued at $1,154,067, the President traded Toast Inc shares for $29.02 each. Upon closing the transaction, the insider’s holdings decreased to 39,768 shares, worth approximately $52.12 million.
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 0.17%. Over the course of the year, Toast Inc shares have jumped approximately 58.98%. 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 $25.96, while a 200-day SMA reached $23.75. Nevertheless, trading volume fell to 4.22 million shares from 5.41 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 28.68, which, if violated, would cause prices to drop to 28.33. In the upper region, resistance lies at 29.34. The next price resistance is at 29.65. RSI (Relative Strength Index) is 62.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.20, which suggests the price will decrease in the coming days. Percent R is at 29.57%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
