Large Inflow of Money Detected in 3M Company

3M Company (MMM) : The money flow analysis of 3M Company (MMM) indicates a $42.74 million of outflow was on downticks, whereas, the investors on Monday gobbled up stocks worth $61.98 million on upticks. The ratio between the upticks and downticks was clearly in favor of the bulls at 1.45 and so was the total money flow at $19.24 million. A solid up-down ratio of 5.47 in block trades indicates that the investors are accumulating the stock on weakness. The bulls lapped up $25.48 million worth of block trades on upticks. Only $4.66 million worth of the stock exchanged hands on downticks. The money flow was $20.82 million in block trades, underlining the interest of the bulls in the stock even when the stock was declining.However, the price action shows that the bears had an upper hand in the stock of 3M Company (MMM), pushing it down by -0.4% for the day. The stock slid $0.73 and traded at $180.27 during the day. Nonetheless, the stock is 0.95% over the previous weeks close.


Shares of 3M Company appreciated by 1.11% during the last five trading days but lost 0.46% on a 4-week basis. 3M Company is up 7.2% in the last 3-month period. Year-to-Date the stock performance stands at 21.53%.

3M Company (NYSE:MMM): During Mondays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $181.00 and $180.46 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $181.39. The buying momentum continued till the end and the stock did not give up its gains. It closed at $180.56, notching a gain of 0.16% for the day. The total traded volume was 1,268,247 . The stock had closed at $180.27 on the previous day.

In a related news, The officer (Executive Vice President), of 3m Co, Bauman James L had unloaded 9,066 shares at $178.43 per share in a transaction on August 1, 2016. The total value of transaction was $1,617,646. The Insider information was revealed by 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.

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