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AMC Stock Pops on Crypto-for-Tickets News. What Are Investors Saying Now?

InvestorPlace - Stock Market News, Stock Advice & Trading Tips AMC Entertainment (AMC) stock is heading higher on Thursday as investors react to p...

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This story originally appeared on InvestorPlace

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Investorplace.com - InvestorPlace

AMC Entertainment (NYSE:AMC) stock is heading higher on Thursday as investors react to plans for the company to accept various cryptocurrencies.

amc enertainment stock
Source: QualityHD / Shutterstock.com

Adam Aron, the CEO of AMC Entertainment, shared a Twitter post in which he discussed the company’s plans. He also asked users if they wanted the company to include Dogecoin (CCC:DOGE-USD) in this effort. The majority of responders were in favor of it.

So what’s this mean for AMC? We could see the company adopt cryptos, including Bitcoin (CCC:BTC-USD), Ethereum (CCC:ETH-USD), Litecoin (CCC:LTC-USD), Bitcoin Cash (CCC:BCH-USD), as well as Dogecoin, by the end of the year.

Let’s take a peek at how holders of AMC stock are reacting to the crypto news today.

AMC Stock Twitter Chatter

I Believe @AMCTheatres Is Going To Start A Trend Of New Businesses Finally Accepting Crypto As Payment.

As Long As They #AcceptDOGE I’m Happy.

— ÐogecoinRise 🚀🌕 (@DogecoinRise) September 23, 2021

It's happening 😳 #AMCtothemoon 🚀🌙 https://t.co/aX4TATQVkn

— TaraBull💎🙌🏻 (@TaraBull808) September 22, 2021

Lol how $amc accepting $doge is better for #doge and not #amc 😂

— Crypto.B (@BTC_Brian93) September 23, 2021

After $AMC squeezes I’m going all in on $Doge

— TheRealChampagnebeezy (@champagnebeezy) September 23, 2021

$AMC + $DOGE = BOOM BOOM

— Ashe (@bbyskele) September 23, 2021

So how’s AMC stock trading on today’s news? Not bad with some 20 million shares changing hands as of this writing. It’s still a far cry from the company’s daily average trading volume of 89.3 million shares but it’s nothing to dismiss.

AMC stock was up 2% as of Thursday morning and is up 1,949% since the start of the year.

We’ve got more stock market news traders will want to know about below!

InvestorPlace offers daily coverage of the stock market with our deep dives. A few examples from today include what has Digital Brands (NASDAQ:DBGI) stock on the move, why shares of Medirom Healthcare Technologies (NASDAQ:MRM) stock are climbing higher, as well as this morning’s pre-market stock movers. You can find all of that and more at the following links!

More Stock Market News for Thursday

On the date of publication, William White did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

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The post AMC Stock Pops on Crypto-for-Tickets News. What Are Investors Saying Now? appeared first on InvestorPlace.