Arqit’s rally slows as shares cool off for June after sharp drop this week
Arqit Quantum Inc. shares are back under pressure as June kicks off, with ARQQ ending Friday at $16.51. The Nasdaq-traded stock dropped 5.6% over the last five sessions, in a holiday-shortened week. Friday's move was a 2.37% decline. The schedule is key since U.S. markets are closed for the weekend, so Monday’s opening will show if the drop was just investors taking profits after earnings gains or signals new nerves about the company’s smaller revenue. Nasdaq’s regular hours are 9:30 a.m. to 4 p.m. Eastern, Monday to Friday, and the exchange didn’t open on May 25 due to Memorial Day.