3M Company (NYSE:MMM) has climbed 0.23% in the past week and advanced 2.38% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.43% and the outperformance has advanced to 1.45% for the last 4 weeks period.
3M Company (NYSE:MMM): The stock opened at $169.99 on Friday but the bulls could not build on the opening and the stock topped out at $170.00 for the day. The stock traded down to $168.42 during the day, due to lack of any buying support eventually closed down at $168.94 with a loss of -0.58% for the day. The stock had closed at $169.93 on the previous day. The total traded volume was 3,447,960 shares.
The company shares have rallied 6.29% from its 1 Year high price. On Jun 8, 2016, the shares registered one year high at $171.93 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $168.45 and the 200 Day Moving Average price is recorded at $159.32.
On the companys insider trading activities, The Securities and Exchange Commission has divulged that Singh Jesse G, officer (Senior Vice President) of 3m Co, had unloaded 35,078 shares at an average price of $169.94 in a transaction dated on May 12, 2016. The total value of the transaction was worth $5,961,155.
Many analysts have stated their opinion on the company shares. Citigroup maintains its view on 3M Company (NYSE:MMM) according to the research report released by the firm to its investors. The shares have now been rated Buy by the stock experts at the ratings house. Citigroup raises the price target from $168 per share to $191 per share on 3M Company. The rating by the firm was issued on April 19, 2016. Currently the company Insiders own 0.58% of 3M Company shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -14.85% . Institutional Investors own 65.18% of 3M Company shares. During last six month period, the net percent change held by insiders has seen a change of -15.3%.
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.