AMC Stock News: AMC Entertainment slips as Apes shrug off DogeCoin and Shiba payment options

NYSE:AMC fell by 3.0% during Monday’s trading session.
The new payment upgrades to AMC’s mobile app have not impressed investors.
Fantastic Beasts 3 struggles at the box office and debuts at a franchise low.

Stocks Reporter FXStreet

NYSE:AMC extended its recent decline as the meme stock falls further below its 50-day moving average price and erases any gains made in the month of March. On Monday, shares of AMC fell by 3.0% and closed the trading day at $17.48. US markets were lacking direction to start the week, as a series of macroeconomic factors weighed on investors. Talk of imminent rate hikes from the Fed and the start of earnings season seemed to play a role in the volatility on Monday that led to all three major indices closing lower yet again. The Dow Jones edged lower by 39 basis points and the S&P 500 and NASDAQ dipped by 0.02% and 0.14% respectively during the session.

Stay up to speed with hot stocks' news!

AMC’s recent payment upgrades for its mobile app and desktop site have not impressed investors. Last year, CEO Adam Aron polled the Apes about which cryptocurrencies they would like to have added as payment methods. Not surprisingly, retail traders voted for DogeCoin and Shiba Inu Token along with Bitcoin and Ethereum. The additional methods were added last week along with Apple Pay, Google Pay, and PayPal, but thus far it hasn’t moved the needle for the stock despite Aron once again showing he is willing to support his shareholders.

AMC stock price

Easter weekend wasn’t as successful as many in the industry thought it would be as the latest installment of the Harry Potter series had the lowest debut in franchise history. Fantastic Beasts 3 was the top film at the box office, but it only brought in a total of $43 million which narrowly edged out Sonic the Hedgehog 2 in its second week of screenings

Author

Stocks Reporter

FXStreet

AUD/USD bounces back toward 0.6950 on fresh USD supply

AUD/USD bounces back toward 0.6950 in the Asian session on Friday. The US Dollar retreats from 17-month highs as traders take profits off the table ahead of the all-important US Nonfarm Payrolls report. Meanwhile, the Australian Dollar draws support from reviving expectations of a November interest rate hike amid elevated global yields and inflation risks.

USD/JPY struggles near 158.00 as USD retreats ahead of NFP

USD/JPY is struggling for fresh impetus near 158.00, moving away from the top end of its weekly range in the Asian session on Friday, after hotter-than-expected Tokyo CPI and amid a broad US Dollar retreat. Traders reposition themselves ahead of US Nonfarm Payrolls.

Gold fades the earlier optimism; back below $4,200

Gold could not sustain the post-NFP bull run past the $4,200 mark per troy ounce, receding toward the $4,180 region at the end of the week. The precious metal’s inconclusive price action comes amid fresh selling pressure hurting the US Dollar as investors assess the latest NFP data.

Crypto Today: Bitcoin, Ethereum and XRP gains reinforce bullish outlook

Cryptocurrency prices are broadly recovering on Friday, led by Bitcoin moving above $86,000. Ethereum has reaffirmed its bullish outlook, rising above $2,700 while the immediate area at $2,800 caps upside. Meanwhile, Ripple hovers near $1.54.

Week ahead – Fed minutes in the spotlight amid bond market rout

Energy crisis and soaring bond yields to stay in driver’s seat in quiet week. Fed minutes eyed after drop in October rate hike bets. ISM services PMI and Treasury auctions to be watched too. Canadian employment, Japanese wages and ECB minutes also on tap.

The Euro is near a one-year low: Inflation could trigger its rebound, not its fall

EUR/USD has fallen to its lowest level since May 2025. The pair hit 1.1312 on Wednesday and trades well below the January peak of 1.2082. The decline reflects a powerful combination of US Dollar strength, geopolitical uncertainty and renewed concerns about Europe's exposure to higher energy prices.