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Posts Tagged ‘stock’

AOL Shares Up 100% in the Last Year

Who’d have thought? A year ago shares of AOL were trading at half of what they’re going for today.

Today’s jump, up more than 7 percent at last check, is due to a Barclays upgrade of the much maligned company from “equal weight” to “overweight.” AOL’s stock is up more than 100 percent in the last year: today trading at $38.90 vs. $19.19 a year ago today.

That’s just the latest good news for AOL stock. In late February, Evercore Partners raised its target price on AOL shares to $36, up from $34. Then earlier this month, analysts at JMP Securities gave it an “outperform” rating.

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Media Stocks Outperform Other Industries in 2012

We know that you come to FishbowlNY for investing advice, so please heed our words for next year: Buy low, sell high and never, ever, login to your Scottrade account after three scotches. With those 2013 pearls of wisdom aside, let’s take a look at how media stocks did this year.

MediaPost reports that the media industry did quite well. The Dow Jones U.S. Broadcasting and Entertainment Index was up 40 percent compared to last year, as a number of media companies saw gains. By comparison, the Dow Jones Industry Index was up only 6.7 percent.

Comcast, Time Warner and News Corp. all saw improvements over 2011, with jumps of 54, 52 and 47 percent, respectively.