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 $5,703,750 were purchased by Comparato Christopher P on Nov 21 ’24. At $42.25 per share, Comparato Christopher P acquired 135,000 shares.
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Also, Bennett Richard Kent purchased 22,885 shares, netting a total of over 960,168 in proceeds.
Before that, Chapman-Hughes Susan had added 15,285 shares to its account. In a trade valued at $643,715, the Director bought Toast Inc shares for $42.11 each.
As published in their initiating research note from Compass Point on November 20, 2024, Toast Inc [TOST] has been a Buy and the price target has been revised to $49. Analysts at Exane BNP Paribas downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid November. As of September 27, 2024, Cleveland Research has initiated its “Buy” rating for TOST. Earlier on July 18, 2024, Mizuho upgraded its rating. Their new recommendation was “an Outperform” for TOST stock which previously was a “a Neutral”.
Analyzing TOST Stock Performance
During the last five days, there has been a surge of approximately 4.96%. Over the course of the year, Toast Inc shares have jumped approximately 131.98%. Shares of the company reached a 52-week high of $43.29 on 11/21/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $31.13, while a 200-day SMA reached $25.86. Nevertheless, trading volume fell to 15.69 million shares from 10.96 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 41.82, which, if violated, would cause prices to drop to 41.27. In the upper region, resistance lies at 43.10. The next price resistance is at 43.83. RSI (Relative Strength Index) is 83.96 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.68, which suggests the price will increase in the coming days. Percent R is at 7.00%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
