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 $42,484 were sold by Vassil Jonathan on Nov 04 ’24. At $31.08 per share, Vassil Jonathan sold 1,367 shares. The insider’s holdings dropped to 39,834 shares worth approximately $1.3 million following the completion of this transaction.
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Also, Narang Aman sold 1,646 shares, netting a total of over 51,154 in proceeds. Following the sale of shares at $31.08 each, the insider now holds 969,970 shares.
Before that, Gomez Elena had sold 1,917 shares from its account. In a trade valued at $59,577, the Chief Financial Officer traded Toast Inc shares for $31.08 each. Upon closing the transaction, the insider’s holdings decreased to 1,917 shares, worth approximately $5.21 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 8.79%. Over the course of the year, Toast Inc shares have jumped approximately 78.92%. Shares of the company reached a 52-week high of $33.01 on 11/07/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $27.94, while a 200-day SMA reached $24.76. Nevertheless, trading volume fell to 14.94 million shares from 8.6 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 32.33, which, if violated, would cause prices to drop to 31.99. In the upper region, resistance lies at 33.01. The next price resistance is at 33.34. RSI (Relative Strength Index) is 71.75 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.52, which suggests the price will increase in the coming days. Percent R is at 8.08%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
