In the past week, investors seem to have been deserting the Gex Management (OTCMKTS:GXXM) stock and that has been reflected in the 17% decline that it suffered over the course of that period. However, a steep decline can often prove to be an opportunity for investors as well and it could be a good idea to take a closer look.
Earlier on in the week, the Gex Management subsidiary company GEX Data Labs Inc launched its took that is meant for Research, Portfolio Management and DeFi Trading at an event in New York. The event in question was the ALT New York 2021 Conference which was held earlier on this week on September 14, 2021.
It was a key industry event at which the company managed to showcase its GoatX tool to a number of industry stalwarts. The tool could have considerable applications as the crypto sector continues to mature. It allows a crypto trader to combine their assets across all their wallets and thereby manage it all a bit more efficiently.
On the other hand, the DeFi or decentralised finance platform will allow in tracking profitability in real time. Despite the fall in the stock price, Gex Management is a stock that could still be worth tracking.