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Jackson Hewitt Shares Jump On CEO Appointment

Stock quotes in this article: JTX  

BOSTON (AP) — Shares of Jackson Hewitt Tax Service Inc. surged on Friday after the company named a former chief executive of larger rival H&R Block Tax Services Inc. as its new chief executive, a move that led an Oppenheimer and Co. analyst to upgrade his rating of Jackson Hewitt's stock.

Parsippany, N.J.-based Jackson Hewitt saw its shares climb $1.78, or 41.6 percent, to $6.09 in morning trading.

After markets closed Thursday, Jackson Hewitt announced the immediate appointment of Harry W. Buckley, who was president and CEO of H&R Block from 1988 to 1995. ...

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