Large Inflow of Money Witnessed in 3M Company

3M Company (MMM) : 3M Company (MMM) had a healthy money flow of $27.21 million into the stock during the Thursdays trading session. The value of bullish trades on upticks was $89.82 million, whereas, investors only sold shares worth $62.6 million on downticks. The stock closed the day with an up-down ratio of 1.43.The money flow in the block trades to the tune of $28.2 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $32.22 million worth of transactions were on upticks. A paltry $4.02 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 8.02. 3M Company (MMM) stock slid $0.29 intraday and traded at 174.87, a change of -0.17% over previous days close. However, for the week, the company shares are -0.38% compared to previous weeks close.


3M Company (MMM) stock is expected to deviate a maximum of $19.96 from the average target price of $165 for the short term period. 10 Street Experts have initiated coverage on the stock with the most promising target being $190 and the most muted being $134. The stock has recorded a 20-day Moving Average of 2.31% and the 50-Day Moving Average is 3.51%.

3M Company (NYSE:MMM): The stock opened at $175.09 on Thursday but the bulls could not build on the opening and the stock topped out at $175.64 for the day. The stock traded down to $174.13 during the day, due to lack of any buying support eventually closed down at $174.87 with a loss of -0.17% for the day. The stock had closed at $175.16 on the previous day. The total traded volume was 1,842,372 shares.

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.

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