When a stock records significant losses over a number of days, then it might be a good idea for investors to work out if it might fall further or if a recovery might be on the way.
Trading Data
On Tuesday, GTCH stock fell 5.31% to $0.18 with more 126k shares, compared to its average volume of 153k shares. The stock has moved within a range of $0.1710 – 0.2100 after opening trade at $0.1710.
Granted Patents (IP – Intellectual Property) Update
The GBT Technologies Inc (OTCMKTS:GTCH) stock continued to be in the middle of strong selling pressure yesterday and declined by 5%. That took the decline recorded by the stock over the course of the past week to as much as 12%. As it happens, the company was in the news yesterday after it made an announcement with regards to the patents that it had filed with the United States Patent and Trademark Office.
The company announced that it was looking to assist its followers and for that purpose it released a partial update with regards to the five different patents that had been granted. The granting of as many as 5 different patents is a major development for the company and one that might interest investors in the GBT Technologies stock in the coming days.
At this point in time, it could be a good move to add the stock to your watch lists.
