AOL Stock Hits New 52-Week Low

Did advertising sales shake-up spook investors?

Just two days after AOL announced changes to its executive lineup, the company’s stock hit a new 52-week low.

On Wednesday afternoon, shares in the company fell about 6 percent to bottom out at $17.52.

The latest nadir came on the heels of a Monday memo from CEO Tim Armstrong disclosing that the company was transitioning out ad sales chief Jeff Levick and bumping up Advertising.com president Ned Brody to a new chief revenue officer role, in charge of ad sales and other products.

If the company’s falling stock price is any indication, the announcement, which came about a month and a half after AOL’s investor day and two weeks before its quarterly earnings call, appears to have shaken AOL investors.

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