OCZ Technology Group Gives Back Gains As Stevie Cohen Enters Fray

OCZ Technology Group Inc. (NASDAQ: OCZ) has been the subject of much press recently, as it was featured negatively on a Seeking Alpha post a few weeks ago. The post essentially said that OCZ Technology was essentially a fraud, and the stock got crushed that day, losing nearly 20%.

Well fast forward a few weeks, and enter Stevie Cohen. Cohen, of SAC Capital, has disclosed that he is the largest shareholder in OCZ. As of May 26, SAC Capital owned a 5.1% ownership position in OCZ with 2,623,346 shares.

The company's major competitor, Fusion-io is set to go public this week, and counts Steve Wozniak of Apple (NASDAQ: AAPL) among its employees.

At last check, shares of OCZ were down 4 cents to $7.19, after having started the session at $7.56.

OCZ Technology Group, Inc. designs, develops, manufactures, and distributes computer components for computing devices and systems worldwide. It primarily offers solid state drives, flash memory storage, memory modules, and thermal management solutions.