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 $949,033 were sold by Gomez Elena on Oct 18 ’24. At $30.37 per share, Gomez Elena sold 31,248 shares. The insider’s holdings dropped to 157,620 shares worth approximately $4.61 million following the completion of this transaction.
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Also, Vassil Jonathan sold 50,000 shares, netting a total of over 1,519,250 in proceeds. Following the sale of shares at $30.39 each, the insider now holds 38,266 shares.
Before that, Elworthy Brian R had sold 300,000 shares from its account. In a trade valued at $9,116,100, the General Counsel traded Toast Inc shares for $30.39 each. Upon closing the transaction, the insider’s holdings decreased to 300,000 shares, worth approximately $5.2 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 0.76%. Over the course of the year, Toast Inc shares have jumped approximately 60.19%. Shares of the company reached a 52-week high of $30.70 on 10/18/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $26.55, while a 200-day SMA reached $24.04. Nevertheless, trading volume fell to 2.82 million shares from 3.69 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 28.89, which, if violated, would cause prices to drop to 28.54. In the upper region, resistance lies at 29.57. The next price resistance is at 29.90. RSI (Relative Strength Index) is 58.84 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.39, which suggests the price will decrease in the coming days. Percent R is at 47.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
