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 $19,411,816 were sold by Yuan David on Nov 26 ’24. At $43.60 per share, Yuan David sold 445,215 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Yuan David sold 189,785 shares, netting a total of over 8,162,653 in proceeds. Following the sale of shares at $43.01 each, the insider now holds 198,829 shares.
Before that, Bennett Richard Kent had sold 22,885 shares from its account. In a trade valued at $960,255, the Director traded Toast Inc shares for $41.96 each. Upon closing the transaction, the insider’s holdings decreased to 22,885 shares, worth approximately $15.09 million.
As published in a research note from Goldman on December 02, 2024, Toast Inc [TOST] has been rated down from a Buy to a Neutral and the price target has been revised to $45. Analysts at Compass Point started covering the stock with ‘”a Buy”‘ outlook in a report released in mid November. As of November 20, 2024, Exane BNP Paribas has decreased its “an Outperform” rating to a “Neutral” for TOST. Earlier on September 27, 2024, Cleveland Research initiated its rating. Their recommendation was “a Buy” for TOST stock.
Analyzing TOST Stock Performance
During the last five days, there has been a drop of approximately -11.73%. Over the course of the year, Toast Inc shares have jumped approximately 108.87%. Shares of the company reached a 52-week high of $44.12 on 11/26/24 and a 52-week low of $16.13 on 01/25/24. A 50-day SMA is recorded $33.58, while a 200-day SMA reached $26.75. Nevertheless, trading volume fell to 21.12 million shares from 7.43 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 36.26, which, if violated, would cause prices to drop to 34.37. In the upper region, resistance lies at 41.46. The next price resistance is at 44.77. RSI (Relative Strength Index) is 48.81 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.93, which suggests the price will decrease in the coming days. Percent R is at 93.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
