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

3M Company (NYSE:MMM) surged 0.08% during the last session. The last traded price was up 0.14 points at $171.37. The data for the fund flow suggests that the net intraday money flow was $(-16.68) million. The fund value in upticks was recorded to be $66.19 million and in downticks, it was found to be $82.87 million. The up/down ratio for the day was measured to be 0.8. For the week, the shares have seen a percentage change of 1.44%.A block trade of $(-14.32) million in net money flow was also recorded during the day. For the block, the combined worth of upticks was $8.08 million and that of downticks was $22.39 million. The block tradeoff had the up/down ratio of 0.36.


The stock has recorded a 20-day Moving Average of 1.41% and the 50-Day Moving Average is 2.09%. The company shares have rallied 7.13% in the past 52 Weeks. On June 20, 2016 The shares registered one year high of $172.8 and one year low was seen on August 24, 2015 at $134. The 50-day moving average is $168.6 and the 200 day moving average is recorded at $159.51. S&P 500 has rallied 1.93% during the last 52-weeks.

3M Company (NYSE:MMM): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $171.18 and $171.06 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $171.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $171.37, notching a gain of 0.08% for the day. The total traded volume was 1,889,460 . The stock had closed at $171.23 on the previous day.

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, 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.

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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