AOL Shares Rise After Selling Patents to Microsoft
May 13, 2012
Taking a look at the biggest winner right now on the New York Stock Exchange, AOL (NYSE:AOL) making some big moves. Its shares have risen $7.74 or more than 42% to $26.17 since the markets opened. This came after the company announced its plans to sell some of its patents to Microsoft for $1.06 billion.AOL is currently above its 50-day moving average (MA) of $18.07 and above its 200-day of $15.91.