H&R Block Stock Pops on Beat-and-Raise

The stock is now moving back toward its recent highs

Deputy Editor
May 11, 2022 at 10:27 AM
facebook X logo linkedin


The shares of H&R Block Inc (NYSE:HRB) are surging today, after the company announced fiscal third-quarter earnings of $4.11 per share on revenue of $2.06 billion -- higher than analysts' anticipated $3.75 per share and $1.94 billion. Plus, the tax services name raised its full-year outlook. At last glance, HRB was up 14.6% to trade at $27.75. 

Before today's positive price action, H&R Block stock consistently moved lower from its April 25 peak of $28.50 -- its highest level since July 2019. Now on its way back toward those highs, the stock is up roughly 13% year-to-date. It's also worth noting that the equity was due for a short-term bounce, per its relative strength index (RSI) of 9.7, which sits firmly in "oversold" territory.

Over in the options pits, traders have been much more bullish than usual. HRB's 10-day call/put volume ratio of 12.42 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) sits higher than 91% of readings from the past year.

Today, call traders are keeping up that momentum, with call volume running at eight times the intraday average. The July 28-strike call is the most popular, with new positions being bought to open there.  

It's also worth noting that HRB sports plenty of short-covering potential. Though short interest has started to unwind, it still represents 7.1% of the stock's available float. 

 

Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on C3.ai calls
238.5% GAIN on Oracle calls

 
 
 


 
 

Rainmaker Ads CGI