Shares of 3M Company (NYSE:MMM) Sees Large Inflow of Net Money Flow

3M Company (NYSE:MMM) traded with a cut of -0.99 points or -0.59% at $167.57 per share. As per the last available information, the stock aggregated $60.15 million in upticks and $50.45 million in downticks, keeping the net money flow capped at $9.69 million. The up/down ratio was found to be 1.19. For the week, the shares have seen a change of -0.48% in the share price.A block trade of $9.62 million in upticks and $0 million in downticks also took place during the day. The up/down ratio for the block stood at 0. The net money flow for this transaction was $9.62 million.


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%. On the companys insider trading activities, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the officer (Senior Vice President) of 3m Co, Singh Jesse G had sold 35,078 shares worth of $5,961,155 in a transaction dated May 12, 2016. In this transaction, 35,078 shares were sold at $169.94 per share.

3M Company (NYSE:MMM) stock ended Monday session in the red zone in a volatile trading. The stock closed down 1.43 points or 0.85% at $167.13 with 2,129,881 shares getting traded. Post opening the session at $168.45, the shares hit an intraday low of $167.11 and an intraday high of $168.64 and the price was in this range throughout the day. The company has a market cap of $101,367 million and the number of outstanding shares have been calculated to be 606,514,530 shares. The 52-week high of 3M Company (NYSE:MMM) is $171.93 and the 52-week low is $134.

Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Citigroup maintains its rating on 3M Company (NYSE:MMM). The rating major has initiated the coverage with buy rating on the shares. The Analysts at Citigroup raises the price target from $168 per share to $191 per share. The rating by the firm was issued on April 19, 2016.

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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