3M Company (MMM) : Traders are bullish on 3M Company (MMM) as it has outperformed the S&P 500 by a wide margin of 1.39% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.27%, 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 0.78% in the last 1 week, and is up 1.25% 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 0.95% and the 50-Day Moving Average is 2.01%.The 200 Day SMA reached 11.45%. 3M Company is up 6.97% in the last 3-month period. Year-to-Date the stock performance stands at 22.46%.
3M Company (NYSE:MMM): After opening at $180.53, the stock dipped to an intraday low of $180.09 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $181.49 and the buying power remained strong till the end. The stock closed at $180.81 for the day, a gain of 0.46% for the day session. The total traded volume was 1,319,039. The stocks close on the previous trading day was $179.98.
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.