AOL’s stock is hitting all-time highs after it divested itself of Patch, a money-losing network on local news sites. Since hitting a low of $US8.82 in August of 2011, AOL’s stock has ripped to new heights, hitting $US52.54 today. It’s an incredible run. Hats off to CEO Tim Armstrong on an improbable turnaround.
NOW WATCH: Tech Insider videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.