OCZ stock tanking, down 22% today already, trading below $0.90

OCZ's stock plummets in early morning trading, down over 23-percent and is expected to fall farther before the close of the markets.

@CharlesJGantt

Published Nov 4, 2013 11:30 AM CST
Updated Nov 3, 2020 12:20 PM CST

38 seconds read time

OCZ may have finally came to the end of its journey as a maker of SSDs if this mornings stock trading is any indication. Soon after the markets opened on Monday, OCZ began to see its stock price began to sharply decline from its opening price of $1.07 to just over $0.80 at the time of this writing.

OCZ stock tanking, down 22% today already, trading below $0.90 | TweakTown.com

It appears that investors have lost all confidence in OCZ after almost a year of poor performance numbers, high operational cost, and financial woes. OCZ has a monthly overhead of more than $2 million and that is before it pays its employee salaries. You might recall earlier this year when the NASDAQ threatened to Delist OCZ from its index after the company failed to disclose financial earnings. Is this the end of OCZ, or will the stock rebound before the close of trading today? Stay tuned to TweakTown for the latest breaking information on OCZ and all of the happenings in the tech world.