Why Toast Stock Went Up 23% in December
Shares of restaurant technology company Toast (NYSE: TOST) went up 22.8% in December, according to data provided by S&P Global Market Intelligence. Many of Toast's peers also went up by a similar amount during December, showing that the market was smiling upon almost all these businesses and not just Toast.
The performance of Toast stock can be compared to that of a financial technology (fintech) exchange traded fund (ETF) such as the Global X FinTech ETF. It can also be compared to that of similar companies such as Shift4 Payments and Block, the latter of which Toast considers its top competitor.
As the chart below shows, Toast's performance largely mirrors that of the others.
Source Fool.com