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Wednesday May 22, 2013

#AOL’s Shares Rise 188% YTD

Image representing AOL as depicted in CrunchBase

Image via CrunchBase

AOL’s share price has nearly tripled in the past year. It shot up after the company announced plans to sell patents to Microsoft for $1 billion and return profits to shareholders through buybacks and dividends. Since then, the stock has risen 39 percent. Over the past 12 months its shares have risen a stunning 188 percent, outperforming Microsoft, Google and even Apple. But most analysts give the stock a hold rating, reasoning AOL’s core display advertising business isn’t producing a strong revenue stream.

Bloomberg