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QinetiQ Shares Drop in Morning Trade

QinetiQ shares were sharply lower in London this morning, leaving the defence group well below its 52-week high.

QinetiQ (LON: QQ.), the defence and aerospace group, was down 5.5% at 472.6p by 10am London time today. The shares have traded between 470.6p and 494p so far in the session, so the price sits near the bottom of that range.

The fall leaves the shares 17.3% below their 52-week high, though they remain 18.8% above the 52-week low and are up 9.5% so far this year.

Line chart of QinetiQ's daily closing price over the past month, with today's session marked at a lower level
QinetiQ’s daily close over the month to today, with today’s session (intraday) marked.

How unusual this is

It is the fifth-largest move in the FTSE 350 today. QinetiQ also made a move of this kind on the 4th of November, six sessions ago.

Chart of QinetiQ's daily share price changes over six months, with today's fall highlighted at the negative end
Today’s move against six months of QinetiQ’s daily changes, with the current session in colour.
QQ.LSE
Asktraders News Team
Asktraders News Team
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The AskTraders Analyst Team features experts in technical and fundamental analysis, as well as traders specializing in stocks, forex, and cryptocurrency.

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