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

3M Company (MMM): The stock had negative money flow to the tune of ($21.27 million) on Tuesday, which shows that the traders are selling the stock on the price strength. The inflow of money on upticks was $33.42 million, whereas, the outflow of money on downticks was $54.7 million and the ratio between the two was 0.61. The block trade had a negative net money flow of ($18.77 million). The total block trade value undertaken on upticks was $2.78 million. On the other hand, downticks amounted to $21.55 million of the traded value, which shows distribution in the stock by traders. The ratio between uptick and downtick was 0.13. 3M Company (MMM) closed with marginal gains of 109 cents to end the day at $180.5, an increase of 0.61% over the previous days close. The stock recorded 0.5% for the week.


Shares of 3M Company rose by 0.21% in the last five trading days and 1.67% for the last 4 weeks. 3M Company is up 7.46% in the last 3-month period. Year-to-Date the stock performance stands at 22.01%.

3M Company (NYSE:MMM): The stock opened at $180.72 on Tuesday but the bulls could not build on the opening and the stock topped out at $181.02 for the day. The stock traded down to $179.59 during the day, due to lack of any buying support eventually closed down at $180.15 with a loss of -0.19% for the day. The stock had closed at $180.50 on the previous day. The total traded volume was 1,039,808 shares.

In a related news,The officer (Executive Vice President) of 3m Co, Bauman James L sold 9,066 shares at $178.43 on August 1, 2016. The Insider selling transaction had a total value worth of $1,617,646. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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