Large Outflow of Money Witnessed in 3M Company

3M Company (MMM) : The money flow is calculated as the dollar value of composite uptick trades minus the dollar value of downtick trades, which was negative (23.48 million) in 3M Company (MMM). On Wednesday, The value of composite uptick trades was $55.92 million, whereas, the value of composite downtick trades was $79.41 million and the ratio between the two was 0.7, indicating selling on strength. Traders involved in block trades booked profits in their holdings as seen in the transactions on downticks valued at $26.99 million. $4.04 million was the block trade value on upticks. The ratio between the two was clearly in favor of the bears at 0.15. The negative money flow of ($22.96 million) shows selling on strength. 3M Company (MMM) gained $1.29 intraday at $177.59 and registrered 0.73% for the week.


3M Company has lost 1.11% in the last five trading days and dropped 1.61% in the last 4 weeks. 3M Company is up 4.18% in the last 3-month period. Year-to-Date the stock performance stands at 20.28%.

3M Company (MMM) : Zacks Investment Research ranks 3M Company (MMM) as 4, which is a Sell recommendation. 3 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 3 more believe that the stock has more downside risks, hence they propose a Strong Sell. A total of 6 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 12 research analysts is 2.94, which indicates as a Hold.

3M Company (NYSE:MMM): The stock opened at $176.78 and touched an intraday high of $177.98 on Wednesday. During the day, the stock corrected to an intraday low of $176.69, however, the bulls stepped in and pushed the price higher to close in the green at $177.59 with a gain of 0.73% for the day. The total traded volume for the day was 1,693,951. The stock had closed at $176.3 in the previous trading session.

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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