AOL’s (AOL) announcement that it will loosen its financial ties to flailing local online news network Patch earned praise on Wall Street, including an upgrade from CRT Capital, sending the stock to a new high on Thursday. AOL stock was up more than 7% in afternoon trading in the stock market today, near 50.70, hitting a record high for the second day this week. CRT analyst Neil Doshi on Thursday upped his rating to buy from “fair value,” or hold,
The CEOs of eight of the largest U.S. tech companies Monday announced the formation of a coalition that calls for the reform of “government surveillance practices worldwide” and urges the U.S. to take the lead by reining in unnecessary surveillance by the National Security Agency. The Reform Government Surveillance group is made up of AOL (AOL), Apple (AAPL), Facebook (FB), Google (GOOG), LinkedIn (LNKD), Microsoft (MSFT),Twitter (TWTR) and Yahoo
RBC Capital Markets on Monday downgraded AOL (AOL) to sector perform from outperform, seeing less upside after the stock’s recent run-up, but it maintained its 46 price target. AOL stock was down 3% in morning trading in the stock market today, near 44.15. AOL stock, though, is still up more than 35% since early October and is up nearly 50% for the 2013. The stock has an IBD Relative Strength Rating of 82, putting its performance the past 12