Recruiter.com Stock (RCRT): Why The Price Jumped Today

By Amit Chowdhry ● Dec 9, 2021
  • The stock price of Recruiter.com Group Inc (NASDAQ: RCRT) increased by over 13% during intraday trading today. This is why it happened.

The stock price of Recruiter.com Group Inc (NASDAQ: RCRT) increased by over 13% during intraday trading today. This is a continuation of momentum as the company stock price is up more than 40% this past week.

Investors have been responding positively to Recruiter.com announcing its recent partnership with Deel, a platform that streamlines worldwide compliance and payments for international teams — which recently raised $425 million at a valuation of $5.5 billion, empowering companies to hire contractors and employees globally.

Deel ensures the compliance of their clients at their fingertips by offering automated invoicing, one-click payments, and document collection. And the platform allows businesses to hire and pay global teams without limits and promises uncomplicated hiring for remote teams.

The Deel platform is committed to providing clients and users with the highest security and privacy assurances. And Deel currently supports over 150 countries and operates in over 120 currencies.

The partnership between Recruiter.com and Deel (letsdeel.com) provides:

— Special discount for Deel clients: Recruiter.com will be offering a “perk” to Deel clients of 5% off our subscriptions for our software.

— Recruiter.com will utilize the Deel platform for our on-demand recruiters.

— Deel will become part of the Recruiter.com Marketplace joining forces with the Recruiter.com community of over 850,000 recruiting and HR professionals

KEY QUOTES:

“We at Deel, pride ourselves on uncomplicated payroll and compliance for the global workforce and are thrilled to be entering this partnership with Recruiter.com, in order to help companies not only onboard, but fill their open roles seamlessly using their global candidate sourcing solutions and AI software.” 

— Bianca Sitzer, Partnership Specialist at Deel

“As work from anywhere turns into hire from anywhere, companies may find themselves having employees from all over the world for the first time. Recruiter.com uses AI and video job-matching technology in order to fill companies’ open positions. We are pleased to say that now, once those roles have been filled, Deel can handle the rest and have employees onboarded in minutes.” 

— Recruiter.com CEO Evan Sohn

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.