Shares of H&R Block surged nearly 15 percent Wednesday. Credit the Kansas City-based company's claim Tuesday that it had taken market share away from its rivals.
A $3.10 jump in shares pushed them to $23.94, a gain of 14.88 percent on the day.
Rival tax preparer Jackson Hewitt Tax Services said Wednesday that it too gained market share during the first half of the tax season.
So who lost business?
"Liberty Tax lost some market share," said Alexander Paris, an analyst a
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