Amazon.com Announces 100,000 New Hires, Stock Surges

Analysts are extremely bullish on the e-commerce giant

Deputy Editor
Mar 17, 2020 at 10:27 AM
facebook twitter linkedin


After it was announced that it would hire 100,00 new workers and give raises to current employees, shares of Amazon Inc (NASDAQ:AMZN) are up 3.1%, last seen trading at $1,741.22. The pre-market rise came despite news yesterday that Prime members should expect “out-of-stock” household items and delays for what would typically be one-day deliveries as the company tries to get a handle on the influx of new orders coming in due increased fears of quarantines amid the coronavirus pandemic.

Amazon stock experienced a record high $2,185.95 on Feb. 11, but since the, the e-commerce specialist has seen a gradual decline aided by a series of bear gaps along the way. AMZN is now facing off with its 10-day moving average, a trendline that’s served as both support and resistance in the last 12 months.

To say analysts are bullish on Amazon stock would be a massive understatement. Of the 34 reporting analysts, a whopping 33 sport a “buy” position or better. Just one analyst recommends a “hold” position. Additionally, the consensus 12-month price target of $2,400.96 currently sits at a healthy 42.14% premium to current levels.

Calls rule the roost in the options pits. AMZN sports a 50-day call/put volume ratio of 1.49 at the the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX). This ratio sits higher than 86% of all other readings from the past year, implying a much bigger appetite for calls of late. 

 

Minimize Risk While Maximizing Profits

There is no options strategy like this one, which consistently minimizes risk while maintaining maximum profits. Perfect for traders looking for ways to control risk, reduce losses, and increase the likelihood of success when trading calls and puts. The Schaeffer’s team has over 41 years of options trading success targeting +100% gains on every trade. Rest assured your losses are effectively limited to your initial cost at the time of making your move! Don't waste another second... join us right now before the next trade is released! 

 


 


 
Special Offers from Schaeffer's Trading Partners