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 Nasdaq, Inc.

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This article appears in: Investing Options
Referenced Stocks: AOL

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