AOL CEO buys 55,600 shares

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Bobby Raines 05/12/2014

Tim Armstrong, the CEO of AOL ( AOL ) , bought 55,600 shares of the company's common stock on May 8. At $36.08 per share, Armstrong paid a total of $2,006,126 for the new shares.

IK-> The technicals for AOL ($38.70 up $0.70) are bearish with a downward trend. Recent support has been around $34.85 and recent resistance has been near $43.90. Standard & Poor'sdoes not follow the stock. Look at the June 31/34 bull-put spread for a 20-cent credit. That's a 7.1% return and the stock has to fall 12.1% to cause a problem.  [InvestorsKeyhole, Various news and data services]



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Originally published on InvestorsObserver.com


This article appears in: Investing , Options

Referenced Stocks: AOL

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