3M Company (MMM) has risen sharply, recording gains of 6.69% in the past 4 weeks. However, the stock has corrected -0.53% in the past 1 week, providing a good buying opportunity on dips. 3M Company (MMM) : During the past 4 weeks, traders have been relatively bearish on 3M Company (MMM), hence the stock is down -0.06% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1.14% relative to the S&P 500.
3M Company (NYSE:MMM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $180.42 and $179.36 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $180.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $180.44, notching a gain of 0.10% for the day. The total traded volume was 1,205,590 . The stock had closed at $180.26 on the previous day.
The stock has recorded a 20-day Moving Average of 2.3% and the 50-Day Moving Average is 5.07%. 3M Company is up 7.7% in the last 3-month period. Year-to-Date the stock performance stands at 21.45%.
3M Company is a diversified technology company. The Company operates in five business segments: Industrial, which serves a range of markets, such as automotive original equipment manufacturer (OEM) and automotive aftermarket, electronics, appliance, paper and printing, packaging, food and beverage, and construction; Safety and Graphics, which serves a range of markets for the safety, security and productivity of people, facilities and systems; Electronics and Energy, which serves customers in electronics and energy markets, including solutions for electronic devices, telecommunications networks, electrical products, power generation and distribution, and infrastructure protection; Health Care, which serves markets that include medical clinics and hospitals, pharmaceuticals, dental and orthodontic practitioners, and health information systems, and Consumer, which serves markets that include consumer retail, office retail, home improvement, building maintenance and other markets.