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Wednesday, June 23, 2021

Amazon Plans to Hire 3,000 New Employees In the Boston Area

As part of its plan to hire more jobs in major US cities, Amzon.com Inc (AMZN) plans to hire 3,000 employees in the Boston area. Among the Amazon, positions include support teams at Amazon Robotics, Amazon Web Services, and Amazon Pharmacy. The Company expects various positions in software development and technology also to be available.


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A Boston recruitment plan comes on top of the recent expansion of Amazon, the nation’s second-largest private employer with a U.S. employee base of more than 800,000. The Company now has a global workforce of over 1.1 million, after hiring more than 400,000 employees last year.

Amzon.com Inc (AMZN) has added thousands of office jobs across America. These include offices in the cities of New York, San Diego, and Dallas.

Highlights From The Past Quarter

A company’s profits are the most important metric for financial performance. A company’s earnings report is always exciting to investors because when earnings go beyond expectations, stock prices tend to rise, while false earnings tend to reduce share prices. Based on the Company’s last reported quarter that ended on 9/29/2020, Amzon.com Inc (AMZN) EPS was $12.37, which was higher than its estimated EPS of $7.41. Therefore, the Company has surpassed the estimated EPS with the 66.90% surprise factor.

The average EPS estimate appears to be $7.17 at the current quarter ended in December 2020 based on current quarter EPS estimates. These average EPS estimates came from 40 analysts, with the highest EPS estimate being $11.16 and the lowest being $4.51. For the current quarter, an average revenue estimate of $119.61 billion appears from 40 analysts, where the high revenue estimate is $123.18 billion, and the low revenue estimate is $113.73 billion.

Technical Analysis of AMZN Stock

A current price of $3,205.99 for Amazon.com Inc (AMZN) is 7.27% below the 52-week high and 102.58% from its 52-week low. The closing price for the 50-day simple moving period was $3,177.58, whereas the closing price for the 200-day simple moving period was $2,971.26. Based on the stock’s volatility over the past week, the volatility stands at 2.32%, decreasing to 2.04% over one month. It is also important to examine the stock’s other market indicators, which suggest that the relative strength index (RSI) stands at 59.43, which indicates a neutral state for the stock.

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