Toast Inc’s recent filing unveils that its Director Yuan David unloaded Company’s shares for reported $19.41 million on Nov 26 ’24. In the deal valued at $43.60 per share,445,215 shares were sold. As a result of this transaction, Yuan David now holds 0 shares worth roughly $0.0.
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Then, Yuan David sold 189,785 shares, generating $8,162,653 in total proceeds. Upon selling the shares at $43.01, the Director now owns 198,829 shares.
Before that, Bennett Richard Kent sold 22,885 shares. Toast Inc shares valued at $960,255 were divested by the Director at a price of $41.96 per share. As a result of the transaction, Bennett Richard Kent now holds 395,706 shares, worth roughly $17.23 million.
Compass Point initiated its Toast Inc [TOST] rating to a Buy in a research note published on November 20, 2024; the price target was $49. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Neutral”. Cleveland Research began covering TOST with “Buy” recommendation on September 27, 2024. Mizuho revised its rating on July 18, 2024. It rated TOST as “an Outperform” which previously was an “a Neutral”.
Price Performance Review of TOST
On Friday, Toast Inc [NYSE:TOST] saw its stock jump 0.83% to $43.54. Over the last five days, the stock has gained 2.79%. Toast Inc shares have risen nearly 138.44% since the year began. Nevertheless, the stocks have risen 185.13% over the past one year. While a 52-week high of $44.12 was reached on 11/26/24, a 52-week low of $14.00 was recorded on 01/25/24. SMA at 50 days reached $32.78, while 200 days put it at $26.45.
Levels Of Support And Resistance For TOST Stock
The 24-hour chart illustrates a support level at 43.18, which if violated will result in even more drops to 42.81. On the upside, there is a resistance level at 43.81. A further resistance level may holdings at 44.07. The Relative Strength Index (RSI) on the 14-day chart is 85.60, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.97%. Stochastics %K at 91.05% indicates the stock is a selling.
How much short interest is there in Toast Inc?
A steep rise in short interest was recorded in Toast Inc stocks on 2024-11-15, dropping by -6.96 million shares to a total of 28.74 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 35.7 million shares. There was a decline of -24.21%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 24, 2024 when Wedbush began covering the stock and recommended ‘”an Outperform”‘ rating along with a $30 price target.
