H&R Block (HRB) NewsBite - HRB Sees Less Tax Return Revenue
Posted: Monday, March 23, 2009 1:37 PM EDT
By: Market Intelligence Center Staff
H and R Block (NYSE: HRB) opened at $19.52. So far today, the stock has hit a low of $17.78 and a high of $19.71. HRB is now trading at $17.78, down $1.35 (-7.06%). Over the last 52 weeks the stock has ranged from a low of $15.00 to a high of $27.97. HRB shares are trading lower today after the company said it is seeing a slight dropoff in tax returns filed at its retail offices this year. This could be a bad sign for HRB. Technical indicators for the stock are bearish and S&P gives HRB a negative 2 STARS (out of 5) sell ranking. If you are looking for a hedged play on HRB the stock seems like it could be a candidate for a May out-of-the-money bear-call credit spread above the 20 range. [ABR-Seven Summits Strategic Investments NewsBite]
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