AOL Inc. started trading as an independent company (ticker symbol: AOL) this morning. The Wall Street Journal reports on the stock’s progress this morning:
AOL Inc.’s (AOL) stock was off to a wobbly start in its much-anticipated return as a standalone company.
AOL dropped sharply at the opening bell, bounced back, and then sank again in a disappointing return as an independent Internet company following a now generally considered failed merger with Time Warner Inc. (TWX).
AOL was down more than 1% at last check, while shares of Time Warner were up more than 4%.
As Minyanville’s Bob Faulkner points out, AOL doesn’t exactly have the kind of cash flow the media claims it does. Still, it’s too early to tell how AOL is going to perform longer term.