For the most part, the stock market is relatively quiet around the holidays and trading volumes dip as investors duck out for vacation. But Amazon shares had an active few days after investors digested another record holiday season.
On the 26th the company released a rather vague, but no less impressive, report on just how prolific their holiday performance was:
- Prime next-day and same-day deliveries nearly quadrupled year-over-year.
- The company added 250,000 part-time and full-time workers to its global fulfillment network (roughly the population of Madison, Wisconsin).
- The company delivered its last Christmas package at 11:59 pm on the 24th in Seattle, Washington.
Why it Matters: In the two trading days following the report, Amazon shares rose 4.5% and trading volumes were 2x their normal volume. While Amazon’s retail operations still account for the majority of consumer interest and media coverage, investors are increasingly focused on Amazon’s cloud-computing business, “Amazon Web Services,” which now drives more than half of the company’s operating profit.