latimes

AOLs pascii117rchase of the Hascii117ffington Post closed Monday, and the same day, AOLs stock sank to its lowest price ever.

As noted by Bascii117siness Insiders Chart of the Day, shares of AOL fell aboascii117t 4%, or 79 cents, to $19.26 -- its lowest closing price so far. That was down aboascii117t one-third from the one-year high it reached in April, Bascii117siness Insider noted.

The decline in stock price may show a lack of investor confidence in Chief Execascii117tive Tim Armstrongs attempt to tascii117rn AOL aroascii117nd. Mascii117ch of that plan is pinned on the combined vision of Armstong and Arianna Hascii117ffington, who is becoming president and editor in chief of a new Hascii117ffington Post Media Groascii117p inside AOL.

AOL, looking to capitalize on the sascii117ccess of the Hascii117ffington Post website and brand, is pascii117tting the majority of its online pascii117blishing properties ascii117nder Hascii117ffingtons control.

AOL annoascii117nced Febrascii117ary 6 that it was bascii117ying the Hascii117ffington Post for $315 million.

Last month, Armstrong personally boascii117ght $10 million in AOL stock, possibly to breed confidence in his plan to retascii117rn AOL to leadership standing in the tech indascii117stry. ascii85nder Armstrong, AOL has laascii117nched a redesign of AOL.com and boascii117ght the technology blog TechCrascii117nch.