Amazon Riding High After Reporting Record Holiday Season

The transcript discusses Amazon's recent stock performance, highlighting a significant rally with gains over two days. It attributes this success to a record-breaking holiday season, where Amazon capitalized on the shift to e-commerce. The company reported double-digit sales growth, millions of devices sold, and a surge in Prime memberships. Despite initial concerns about heavy investments in same-day shipping, these investments appear to be paying off, as Amazon's stock is now trading above its 200-day moving average, leading to a more positive outlook from investors and analysts.

What concerns did analysts have regarding Amazon's investment in same-day shipments?

What was the status of Amazon's stock in relation to its 200-day moving average?