QinetiQ (LON:QQ) shares surge after BlackRock stake move draws attention
QinetiQ Group plc shares moved higher Thursday, part of a wider rise in UK defence names. The key detail for investors showed up in the shareholder filings: BlackRock Inc. increased its stake right after QinetiQ completed buybacks at prices below where the stock trades now. QinetiQ outperformed the FTSE 250 by 6.8 percentage points. AJ Bell said about 4.65 million shares traded. The shares hit 485.60p at the session peak, but stayed under the 52-week high of 551.50p.