Orlando, FL -- (SBWIRE) -- 08/20/2013 -- Hot Stock Profits provides investors and traders with valuable trading tools and content as well as micro-cap stock alerts via eMail and text messages. To Join Our Text Message Alerts Service Just Text The Word Stocks To 555888 From Your Cell Phone. Our Focus Today Is On GTx, Inc. (NASDAQ:GTXI), iPath Goldman Sachs iPath GBP/USD Exchange Rate ETN (NYSEARCA:GBB).
GTx, Inc. (NASDAQ:GTXI) stock plunged 65.54% to $1.43. The law firm of Wohl & Fruchter LLP is investigating possible violations of federal securities laws by officers and directors of GTX Inc. (GTX) (NASDAQ: GTXI).
On August 19, 2013, GTX announced that enobosarm, its potential treatment for muscle wasting in lung cancer patients, fell short of key goals agreed upon with the Food and Drug Administration in two phase III clinical trials in terms of increasing lean body mass and improving physical function.
Wohl & Fruchter's investigation concerns whether GTX management improperly concealed from investors, among other things, that past clinical studies were deeply flawed, and thus the latest phase III trials were likely to fail.
Are investors worried about the recent updates with GTXI? Find out with a free trend analysis HERE
iPath Goldman Sachs iPath GBP/USD Exchange Rate ETN (NYSEARCA:GBB) shares fell 2.47% to $41. The 52 week trading range for the company is $0.00 - $50.25.
Is GBB going to continue its rally or drop like a rock? Find out with a free trend analysis HERE
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