More often than not investors are likely to look into those stocks which may have clocked notable gains on the previous day and by that token it is quite likely that the GTX Corp (OTCMKTS:GTXO) stock is going to come into focus today.
The stock had garnered significant attention from among investors on Wednesday and ended the day with gains of as much as 10%. In this situation, it may be a good move to look into the key development that led to the strong rally. GTX Corp was actually in the news on Wednesday after it emerge that it had been awarded two new patents by the United States Patent and Passport Officer.
It goes without saying that the issuance of new patents can always prove to be a significant boost for a company like GTX Corp and the price action in the stock price was proof of that. One of the patents was the fourth one to have been issued in the GPS SmartSole family of products and the other one is the 6th one to have been issued in the Comm Protocol family.
The first patent relates to the proprietary methods by way of which it could be possible to not only protect but also to manufacture a GPS electronic model.
The Chief Executive Officer of GTX Corp, Patrick Bertagna, spoke about the development as well. He noted that the new patent has been obtained by the company with an open ongoing continuation. That is going to help the company considerably in further boosting its strength and valuations with regard to licensing agreements in the future. At this point in time, it may be a good move for investors to add the GTX Corp stock to their watch lists and watch out for further developments in the coming days.
