Shares of 3M Company (MMM) Rally 2.42%

3M Company (MMM) : Traders are bullish on 3M Company (MMM) as it has outperformed the S&P 500 by a wide margin of 2.88% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.91%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.42% in the last 1 week, and is up 7.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.4% and the 50-Day Moving Average is 6.47%.

3M Company (NYSE:MMM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $181.50 and $180.56 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $181.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $181.40, notching a gain of 0.28% for the day. The total traded volume was 2,475,243 . The stock had closed at $180.90 on the previous day.


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%. In a related news, 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 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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