H&R Block stock surges 23.77% and outperforms rivals

12 articles · Updated · MarketWatch · May 7

Shares closed at $36.29 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63%.
The jump ended a four-day losing streak, while trading volume reached 6.7 million shares, well above the stock's 50-day average of 2.3 million.
Even after the rally, H&R Block remained 43.84% below its 52-week high of $64.62 reached on May 8, while Intuit, FIS and Paychex also posted gains.

H&R Block's stock surged 24% but is down 50% annually. Is this a genuine turnaround or just a classic investor trap?

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