Gex Management Inc (OTCMKTS:GXXM) Stock Extends Fall: Slumps 22% in a Week

Over the course of the past week, the Gex Management Inc (OTCMKTS:GXXM) stock has been in the middle of a prolonged downward spiral and it continued on Wednesday as the stock tanked by another 5%. That took its losses for the past week to as much as 22%.

Market Action:

On Wednesday, GXXM stock fell 4.50% at $0.0700 with more than 2.22 million shares, compared to its average volume of 4.07 million shares. The stock has moved within a range of $0.0684 – 0.0880 after opening the trade at $0.0729.

Major News

In light of the latest losses recorded by the stock, it should be noted that yesterday the company was in the news after it was announced that two of its top executives were going to participate in a webinar. The Chief Executive Officer of the company Joseph Frontiere and the Chief Technology Officer Ed Honour were the participants in the webinar.

It is necessary to point out that that there was a question and answer section during the webinar as well. It had started at 11 a.m. Eastern Standard Time. On the other hand, investors also need to remember that back on September 28 this year, the company along with subsidiary company Gex Data Labs had entered into an agreement related to crypto data marketing. The company noted at the time that the business was going to add to the revenues significantly. Investors could do well to track the stock despite the latest losses.