Timothy Armstrong Buys 477,000 Shares of AOL
A number of people have been questioning AOL CEO Timothy Armstrong's vision for the company going forward, especially after the $300 million+ Huffington Post deal was announced last week (many felt as though AOL overpaid for the company).
Timothy Armstrong wants you to know that he thinks that AOL is a buy at these levels, and to prove it, Armstrong bought 477,000 shares of AOL at an average price of $20.966 last week (February 11th to be exact).
![New Aol Logo](https://www.davemanuel.com/images/logo_aol_new.gif)
Timothy Armstrong now owns 876,511 shares of AOL directly, and another 709,157 shares indirectly (194,857 shares through Polar Capital Group, LLC, and another 514,300 shares through Armstrong Family Investment LLC).
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Many people have been scratching their heads regarding Armstrong's vision for AOL, especially after recent acquisitions of Techcrunch.com, 5min Media and the Huffington Post.
AOL is currently trading at $21.83/share, which gives the company a total valuation of $2.33 billion. AOL has a 52 week high of $29.45.
Source: Davemanuel.com Insider Filings