🔴 TOST is trading 5% down today as it reverses intraday gains on profit-taking

TOST is trading at $26.90 (-5%) in after-hours, reversing a +4.5% intraday rally to $29.57 that was driven by Michelin-Star partnership news.

• The reversal occurs ahead of Q1 earnings with no fresh after-hours catalysts identified, suggesting a move driven by profit-taking.
• Broader market sentiment remains cautious as the S&P 500 and Nasdaq trade down 0.25% and 0.09%, respectively.
• Trading volume in the extended session remains subdued following the earlier momentum.