Amazon Stock Surges After Record Holiday Sales

Amazon stock gained more than 4% Thursday after the company claimed a record holiday shopping season.

CNBC reports Thursday was the best day for Amazon stock since January 30th, putting the company positive for December after a bumpy start to the month.

The e-commerce giant issued a statement Thursday morning that went over many claimed accomplishments, but the most impressive were related to its logistics efforts.

“This holiday season, the number of items that were delivered with Prime Free One-Day and Prime Free Same-Day Delivery nearly quadrupled compared to the same time period last holiday season, making this Amazon’s fastest holiday yet,” the company said. It also said that 60 percent more customers shipped items to an Amazon pick-up point, rather than their homes or businesses, compared with last year.

The logistical improvements Amazon had to make to achieve this week’s delivery numbers are impressive and likely paving the way for the stock rise, as it sets the company up for long-term success past the holiday season. Amazon has been ramping up efforts to grow its own delivery network, especially after the company started offering one-day delivery on items for Prime members. The company has spent at least $800 million this year to expand the program.

The company also claimed that more people signed up to try Amazon Prime, its subscription service, than ever before.

The Best-Selling Amazon Devices Worldwide this Holiday Season Included Echo Dot, Fire TV Stick with Alexa Voice Remote and Echo Show 5.

Amazon Highlights:

• It was a record holiday season for Amazon Devices and Alexa – customers worldwide purchased tens of millions of Amazon Devices.
• Shoppers purchased millions more Amazon Devices compared to last holiday and the best-selling devices worldwide included Echo Dot, Fire TV Stick with Alexa Voice Remote and Echo Show 5.
• The most searched for holiday movie on Fire TV with Alexa was Home Alone, followed by Elf and The Grinch.
• Alexa helped customers connect with family and friends near and far tens of millions of times this holiday season, through video calling, messaging, and drop-in.