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 $3,667,000 were sold by Bennett Richard Kent on Nov 12 ’24. At $36.67 per share, Bennett Richard Kent sold 100,000 shares. The insider’s holdings dropped to 418,591 shares worth approximately $16.89 million following the completion of this transaction.
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Also, Bennett Richard Kent purchased 100,000 shares, netting a total of over 3,886,981 in proceeds.
Before that, Vassil Jonathan had sold 100,000 shares from its account. In a trade valued at $3,655,158, the Chief Revenue Officer traded Toast Inc shares for $36.55 each. Upon closing the transaction, the insider’s holdings decreased to 100,000 shares, worth approximately $1.61 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 23.54%. Over the course of the year, Toast Inc shares have jumped approximately 121.03%. Shares of the company reached a 52-week high of $40.65 on 11/14/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $29.40, while a 200-day SMA reached $25.29. Nevertheless, trading volume fell to 6.71 million shares from 12.56 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 39.71, which, if violated, would cause prices to drop to 39.06. In the upper region, resistance lies at 40.83. The next price resistance is at 41.30. RSI (Relative Strength Index) is 87.07 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.16, which suggests the price will increase in the coming days. Percent R is at 2.60%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
