Theater chain AMC Entertainment Holdings, Inc. AMC has been a retail favorite among stocks and in the crypto universe, Dogecoin DOGE/USD commands a frenzied following.
What Happened: A Twitter user said it makes sense for AMC to accept Dogecoin as a payment mode and asked others whether they agree.
AMC, Doge Show Muted Reaction: Both AMC shares and the Doge have not reacted much to the tweet or Musk's response.
Dogecoin, which hit an all-time high of 73.76 cents in early May, has pulled back notably from the level. The meme coin has stabilized at around 20 cents this week.
At last check, Doge was down 2.14% at 20.12 cents and AMC was losing 1.88% to $38.17.
Related Link: HOW TO BUY DOGECOIN
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.