Toast Stock Surges 88.78% in Trading Volume Ranking 240th in Market

On June 5, 2025, Toast (TOST) saw a significant surge in trading volume, with a total turnover of $398 million, marking an 88.78% increase from the previous day. This surge placed Toast at the 240th position in the day's stock market rankings. The stock price of Toast rose by 2.34%, marking the second consecutive day of gains, with a total increase of 2.86% over the past two days.

Truist Securities initiated coverage of Toast with a Buy recommendation on June 2, 2025. This move by Truist Securities is likely to have a positive impact on the stock, as it signals confidence in the company's future performance. The recommendation comes at a time when several major investors have been adjusting their holdings in Toast.

Capital International Investors increased its stake in Toast, holding 44,588K shares, up from 41,961K shares in the previous filing. This represents an increase of 5.89% in the number of shares held and a 1.22% increase in portfolio allocation. Similarly, Price T. Rowe Associates increased its holdings to 23,454K shares from 19,964K shares, a 14.88% increase. However, the firm decreased its portfolio allocation in Toast by 44.14% over the last quarter.

AGTHX - GROWTH FUND OF AMERICA also increased its holdings in Toast, now holding 23,722K shares, up from 22,903K shares. This represents a 3.45% increase in the number of shares held, but a 5.76% decrease in portfolio allocation. PRNHX - T. Rowe Price New Horizons Fund increased its holdings to 15,547K shares from 13,446K shares, a 13.51% increase, and increased its portfolio allocation by 29.47%. T. Rowe Price Investment Management also increased its holdings to 15,520K shares from 14,437K shares, a 6.98% increase, and increased its portfolio allocation by 4.91%.