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

3M Company (MMM) : On Friday, The money flowed into the 3M Company (MMM) stock with an uptick to downtick ratio was recorded at 1.19. Transactions worth $26.49 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $22.3 million. The total money flow into the stock was $4.19 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $5.35 million of block transactions on upticks. The total money flow in block trades was $5.35 million. In terms of price action, 3M Company (MMM) traded down $0.13 during the session at $180.13. Compared to the previous days closing, the stock was down only by -0.07%. For the week, the stock is -0.7%, over previous weeks closing.


3M Company (MMM) has been rated by 6 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $210 and the lowest price target forecast is $164. The average forecast of all the analysts is $181.17 and the expected standard deviation is $19.09.

3M Company (NYSE:MMM): stock turned positive on Friday. Though the stock opened at $180.42, the bulls momentum made the stock top out at $180.53 level for the day. The stock recorded a low of $179.36 and closed the trading day at $180.44, in the green by 0.10%. The total traded volume for the day was 1,205,590. The stock had closed at $180.26 in the previous days trading.

In a related news, 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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