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Taking a Closer Look At Toast Inc (TOST) Following Its Recent Trade

Toast Inc’s recently made public that its Director Comparato Christopher P unloaded Company’s shares for reported $5.23 million on Dec 19 ’24. In the deal valued at $36.04 per share,145,000 shares were sold. As a result of this transaction, Comparato Christopher P now holds 182,451 shares worth roughly $6.8 million.

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Then, Comparato Christopher P bought 145,000 shares, generating $5,225,838 in total proceeds.

Before that, Narang Aman sold 720,000 shares. Toast Inc shares valued at $27,763,203 were divested by the CEO at a price of $38.56 per share. As a result of the transaction, Narang Aman now holds 0 shares, worth roughly $0.0.

DA Davidson downgraded its Toast Inc [TOST] rating to a Neutral from a a Buy in a research note published on December 05, 2024; the price target was decreased to $38 from $44. A number of analysts have revised their coverage, including Goldman’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Neutral”. Compass Point began covering TOST with “Buy” recommendation on November 20, 2024. Exane BNP Paribas revised its rating on November 20, 2024. It rated TOST as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of TOST

On Monday, Toast Inc [NYSE:TOST] saw its stock fall -0.77% to $37.29. Over the last five days, the stock has lost -3.44%. Toast Inc shares have risen nearly 104.22% since the year began. Nevertheless, the stocks have risen 103.99% over the past one year. While a 52-week high of $44.12 was reached on 11/26/24, a 52-week low of $16.13 was recorded on 01/25/24. SMA at 50 days reached $36.11, while 200 days put it at $27.72.

Levels Of Support And Resistance For TOST Stock

The 24-hour chart illustrates a support level at 36.73, which if violated will result in even more drops to 36.16. On the upside, there is a resistance level at 37.78. A further resistance level may holdings at 38.26. The Relative Strength Index (RSI) on the 14-day chart is 46.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.50%. Stochastics %K at 18.32% indicates the stock is a buying.

How much short interest is there in Toast Inc?

A steep rise in short interest was recorded in Toast Inc stocks on 2024-11-29, dropping by -1.86 million shares to a total of 29.87 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 31.73 million shares. There was a decline of -6.23%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 27, 2024 when Cleveland Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $33 price target.

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