Toast, Inc. TOST shares are trading lower on Wednesday. According to Reuters, Toast has decided to remove a $0.99 order processing fee from its digital ordering suite.
What To Know:
Toast said that the company will be removing the recently implemented fee in order to keep costs low for its customers and that the change will be effective by the end of the week. The company also stated that the removal of the fee will not have any impact on its previously announced guidance for fiscal year 2023.
Shares of TOST are moving lower on high trading volume. According to data from Benzinga Pro, more than 9.7 million shares have been traded, compared to the stock's 100-day average volume of 6.78 million shares.
TOST has garnered attention from retail investors and is currently a trending ticker on StockTwits and Yahoo! Finance.
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TOST Price Action: According to Benzinga Pro, Toast shares are trading 13.6% lower at $23.12 at the time of publication.
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