H & R Block Inc
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Consumer Discretionary : Diversified Consumer Services | Small Cap Value
Company profile

H&R Block, Inc. (H&R Block), through its subsidiaries, provides tax preparation and other services. The Company provides assisted income tax return preparation, digital do-it-yourself (DIY) tax solutions and other services and products related to income tax return preparation to the general public primarily in the United States, Canada, Australia and their respective territories. Assisted income tax return preparation and related services are provided by tax professionals through a system of retail offices operated directly by the Company or its franchisees. It offers tax support, planning, and business accounting and advisory services to its clients. The Company offers a range of online tax services, including preparation of federal and state income tax returns, review of tax returns by a tax professional, access to tax tips, advice and tax-related news, use of calculators for tax planning, error checking and electronic filing.

Price
Delayed
$13.65
Day's Change
-0.44 (-3.12%)
Bid
--
Ask
--
B/A Size
--
Day's High
14.00
Day's Low
13.60
Volume
(Heavy Day)

Today's volume of 1,471,711 shares is on pace to be much greater than HRB's 10-day average volume of 3,382,722 shares.

1,471,711

ATTENTION WALT DISNEY COMPANY EMPLOYEES/INVESTORS: KlaymanToskes Commences Investigation into Damages Sustained in Disney Stock Held With Full-Service Brokerage Firms During Coronavirus Pandemic

1:45 pm ET May 7, 2020 (BusinessWire) Print

KlaymanToskes ("KT"), www.klaymantoskes.com, announced today that it is investigating damages sustained by current and former employees and investors of The Walt Disney Company (NYSE:DIS) ("Disney") who held large, unhedged concentrated positions in Disney stock and/or received margin calls resulting in the forced sale of stock. The recent losses were the result of unsuitable advice during the Coronavirus ("COVID-19") pandemic. The investigation focuses on full-service brokerage firms' negligence and failure to supervise the management of concentrated, leveraged positions in Disney stock.

Investment portfolios holding large, concentrated stock positions carry significant downside risks, especially when leveraged by a margin loan. Full-service brokerage firms whose customers hold large concentrated stock positions have a duty to ensure that their customers understand the risks associated with concentration and to disclose and recommend the availability of risk management strategies. The failure to use risk management strategies as well as the failure to "hedge" the value of a concentrated portfolio directly exposes an investor's concentrated position to fluctuations in the volatile securities markets. Since trading as high as 153.41 per share in November 2019, the price of Disney stock dropped to 79.07 on March 18, 2020, a decline of more than 48%.

The sole purpose of this release is to investigate whether strategies deployed by full-service brokerage firms were suitable for Disney employees and investors with concentrated, leveraged stock positions. Disney shareholders who held accounts at full-service brokerage firms, and have information relating to the manner in which the firm handled their concentrated, leveraged portfolios are encouraged to contact Lawrence L. Klayman, Esq., at (561) 542-5131, and download our Special Investor Report.

About KlaymanToskes

KT is a leading national securities law firm which practices exclusively in the field of securities arbitration and litigation, on behalf of retail and institutional investors throughout the world in large and complex securities matters. The firm represents high net-worth, ultra-high-net-worth, and institutional investors, such as non-profit organizations, unions, public and multi-employer pension funds. KT has office locations in California, Florida, New York, and Puerto Rico.

Destination: https://klaymantoskes.com/attention-walt-disney-company-employees-investors

View source version on businesswire.com: https://www.businesswire.com/news/home/20200507005864/en/

SOURCE: KlaymanToskes

KlaymanToskes
Lawrence L. Klayman, Esq., (561) 542-5131
lklayman@klaymantoskes.com 
www.klaymantoskes.com

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