Momentum And Technicals Smells Good: H&R Block Inc. (HRB) and United Parcel Service Inc. (UPS)

On Jul 02, Logerwell Kellie J, VP & Chief Acct Officer sold 3,000 shares of H&R Block Inc. (NYSE: HRB), with the average selling price of the stock being $28.68 per share. The total amount realized from this sold $86,040. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

The recent price movement of HRB means that it is now down by -21.07% from its 52-week high and 2.59% up against its 52-week low prices. Over the past one week, the price volatility of HRB stands at 1.25% while the volatility over the past one month is 1.53%. The beta score for this stock is 0.23. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company published its latest quarterly earnings, with the report showing that the company recorded -0.58 earnings per share (EPS) during that period. This report was below the expectations of analysts of -0.55 by -0.03. The revenue by the firm was 484.1M for the quarter.

The shares of H&R Block Inc. (HRB) dropped by -0.60%, leading to a loss of -$0.14 per share, and saw HRB end the trading session at $23.38 on Wednesday 01/08/20. HRB started the trading session at $23.52, before reaching a daily high of $23.63. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $23.34.

The trading volume on Wednesday stood at 2328581, which was below the stock’s 3-month average volume of 3.28 million shares, out of a total 193.29M shares. As the price of the stock dipped, the market valuation of the company dropped to 4.57 billion.

The shares of United Parcel Service Inc. (NYSE: UPS) went up by 0.57% by the end of the recent trading session. This movement saw its price surge to close at $116.66, which was higher than the previous closing price of $116.00. Over the past one week, the price of UPS has slipped by -0.34%, while it has recorded a loss of -0.74% over the past one month. Its three-month performance saw UPS gain 3.48% while its six-month performance saw it surge by 14.80%. The situation is different though over the past one year, as the stock price went up by 19.75%, while its year-to-date (YTD) price performance slipped by -0.34%. The stock price has gone up by +4.37% compared to its 90-day low, while it is down -6.90% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 2,943,115 shares, with the short-term indicators averagely rating the stock as a 50% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 2,690,138 shares and the indicators have an average rating of 50% Buy. The last indicators, the long-term see UPS stock with a 100-Day average volume of 2,835,016 shares, giving it an average rating of 50% Buy. A look at the general picture of all short, medium and long-term indicators leaves UPS with an average rating of 8% Buy.

Several brokerage firms sent out their reports UPS stock not long ago. In its report sent out on December 12, 2019, Morgan Stanley lowered its ratings on UPS to a Underweight. In an earlier report on December 11, 2019, BMO Capital Markets Downgrade the stock from a Outperform to a Market Perform. Wells Fargo meanwhile in its report on October 29, 2019 Initiated its rating of the stock to “Outperform”.

In related news to the company’s stock, around 70.50% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 1550 institutions currently hold the UPS stock. In the last quarter, a 485,361,469 UPS shares were in the possession of institutions. On the other hand, the company recorded 102 new institutions who bought it their stock, while 73 institutions sold their entire UPS reserve. Of the current institutions investing in the stock, 672 increased their investment while 708 decreased their investment in the stock.