Toast Shares Slide 2.49% on Mixed Business Signals and Sector Volatility as $340M Volume Ranks 373rd in U.S. Equities
On October 1, 2025, ToastTOST-- (TOST) closed with a 2.49% decline, trading with a volume of $340 million ranked 373rd among U.S. equities. The drop followed mixed signals from recent business developments and market positioning amid broader sector volatility.
Recent earnings guidance highlighted margin pressures from elevated customer acquisition costs, while restaurant chain partners reported softer Q3 demand. Analysts noted the stock's sensitivity to macroeconomic indicators, particularly interest rate expectations impacting small business lending—a core Toast service line. Institutional selling pressure intensified ahead of the October FOMC decision, though short interest remains below 5% of float.
To run this back-test rigorously I need to pin down a few practical details: Universe • Do you want me to screen the entire U.S. equity universe every day, or limit it to a subset (e.g., S&P 1500, Russell 3000, NYSE + NASDAQ common shares, etc.)? • If you already have (or can supply) a fixed list of tickers, please let me know. Transaction assumptions • Commission or slippage assumptions (if any). • Position sizing: equal-weight each of the 500 names every day? Capital base • Nominal starting value (e.g., $1 million) or leave it at the default 1-unit notional so we can focus on percentage returns? Once these are clarified I can generate the necessary daily trading signals and run the back-test from 2022-01-01 through today.

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