Among the most high-profile meme-stocks in the market, AMC Entertainment remains a top favorite with individual investors. AMC stock is currently one of the most traded stocks among retail investors, despite losing about 75 percent of its value since its peak. However, it is thought that the announcements that they will add Dogecoin (DOGE) and Shiba Inu (SHIB) will accelerate the price. As Kriptokoin.com, we are giving the details…
While AMC shares are falling, the eyes of investors in the first quarter report
AMC’s basic cinema business has been a loss for a while. Ahead of the pandemic, streaming services and a host of in-home entertainment options took the eyes off the big screen. Disappointing movie listings, rising ticket prices and a host of other factors have made AMC’s job difficult. The pandemic has only exacerbated these problems, with outright shutdowns and movie release delays raising cash flow concerns.
However, individual investors still like this stock, pointing to strong pandemic reopening catalysts. First of all, tomorrow will be an important date for investors to write on their calendars. AMC is scheduled to report its fourth-quarter results tomorrow, and the numbers are likely to spark huge investor interest, according to experts. Investors will watch how ticket sales and concessions perform during this period, which is seen as a strong movie listing.
DOGE and SHIB announcements from AMC
In addition, there is another important catalyst that upcoming catalyst investors are watching. AMC CEO Adam Aron stated on Twitter today that BitPay will go live on March 19. BitPay will allow the company to accept popular cryptocurrencies such as Dogecoin (DOGE/USD) and Shiba Inu (SHIB/USD) for payment. Accordingly, there is tremendous interest around this catalyst for individual investors. At the moment, the market seems to be pricing in relatively strong forward prospects for AMC today, according to experts.
AMC CEO Adam Aron said on Twitter, “AMC IT is on our website until March 19 for BitPay AMC online payments and until April 16. it says it will go live in our mobile apps. So soon AMC will accept Dogecoin and Shiba Inu.” At the time of writing, SHIB is up 9.39 percent at $0.00002618, while Dogecoin (DOGE) is up 7.24 percent at $0.13.
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