Why H&R Block Stock Soared 11.1% This Week

Shares of H Block (NYSE: HRB) soared 11.1% higher this week, as of Friday at 2 p.m. ET, according to S&P Global Market Intelligence. The stock had been down as much as 11.5% during the week.

H Block is now trading at just over $39 per share, up about 7.3% year to date. It outperformed the markets, which were down this week. The S 500 was off 2.2%, while the Dow Jones Industrial Average dropped 2.3% and the Nasdaq Composite fell 2.7% as of 2 p.m. ET. on Friday.

H Block, a leading tax preparer, got a boost this week following the release of its fourth-quarter earnings report. The company beat revenue and earnings estimates and raised its dividend.

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Source Fool.com