3M Company (MMM) has risen sharply, recording gains of 0.59% in the past 4 weeks. However, the stock has corrected -0.11% in the past 1 week, providing a good buying opportunity on dips. 3M Company (MMM) : Traders are bullish on 3M Company (MMM) as it has outperformed the S&P 500 by a wide margin of 0.8% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.55%, relative to the S&P 500.
Company shares have received an average consensus rating of Hold for the current week The stock has recorded a twenty day Moving Average of 0.55% and the fifty day Moving Average is 1.82%. 3M Company is up 6.89% in the last three month period. Year-to-Date the stock performance stands at 21.51%.
3M Company (MMM) : 6 Wall Street analysts covering 3M Company (MMM) believe that the average level the stock could reach for the short term is $182.67. The maximum price target given is $210 and the minimum target for short term is around $168, hence the standard deviation is calculated at $17.73.
3M Company (NYSE:MMM): On Fridays trading session , Opening price of the stock was $180.19 with an intraday high of $181.25. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $178.92. However, the stock managed to close at $179.41, a loss of 0.09% for the day. On the previous day, the stock had closed at $179.58. The total traded volume of the day was 1,324,652 shares.
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.