Shares of 3M Company (MMM) Sees Large Outflow of Money

3M Company (MMM) : Net money flow in 3M Company (MMM) was negative ($9.51 million) and the inflow of money on uptick was $60.04 million, whereas, the outflow of money on downticks amounted to $69.55 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.86. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $9.98 million. The money flow in block trades was negative ($9.98). 3M Company (MMM) gained $1.58 cent during the day and reached $180.79, a gain of 0.88% over the previous day.


The stock has recorded a 20-day Moving Average of 4.51% and the 50-Day Moving Average is 6.36%. Shares have rallied 13.77% from its 1 Year high price. On Jul 11, 2016, the shares registered one year high at $178.47 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $170.74 and the 200 Day Moving Average price is recorded at $161.61.

3M Company (NYSE:MMM): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $180.15 and $179.88 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $181.32. The buying momentum continued till the end and the stock did not give up its gains. It closed at $180.90, notching a gain of 0.94% for the day. The total traded volume was 1,904,280 . The stock had closed at $179.21 on the previous day.

In an insider trading activity, Singh Jesse G, officer (Senior Vice President) of 3m Co, unloaded 35,078 shares at an average price of $169.94 on May 12, 2016. The total amount of the transaction was worth $5,961,155, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *