3M Co
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Industrials : Industrial Conglomerates | Large Cap Blend
Company profile

3M Co is a technology company. The Company operates through four segments: Safety and Industrial, Transportation and Electronics, Health Care and Consumer. Safety and Industrial segment consist of personal safety, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules. Transportation and Electronics segment consists of electronics, including display materials and systems, electronic materials solutions, automotive and aerospace, commercial solutions, advanced materials, and transportation safety. Health Care segment’s products and services include medical and surgical supplies, skin health and infection prevention products, oral care solutions, separation and purification sciences, health information systems and food safety products. Consumer segment serves consumers and consists of home improvement, stationery and office supplies, home care and consumer health care.

Closing Price
Day's Change
-3.70 (-2.07%)
B/A Size
Day's High
Day's Low
(Heavy Day)

10-day average volume:

UPDATE: Palantir stock drops toward record 6-day losing streak as lockup expires

11:13 am ET February 18, 2021 (MarketWatch)

Shares of Palantir Technologies Inc. (PLTR) sank 7.0% on heavy volume toward a sixth straight loss in morning trading Thursday, putting them on track to suffer their longest losing streak since going public, as the expiration of the lockup period puts all of the outstanding shares available to trade. Trading volume spiked to 165.4 million shares, already nearly triple the full-day average of 66.2 million shares over the past 30 days, and enough to make the big-data software company's stock (http://www.marketwatch.com/story/the-palantir-non-ipo-5-things-to-know-about-the-formerly-secretive-software-companys-direct-listing-11601351442) the most actively traded on major U.S. exchanges. The stock has tumbled 34.0% during its losing streak, and has now dropped 35.4% since closing at a record $39.00 on Jan. 27. Helping fuel the declines are investor concerns about the lock up expiry, and a disappointing fourth-quarter report earlier this week, in which the company reported a surprise loss (http://www.marketwatch.com/story/palantirs-stock-drops-after-surprise-loss-although-revenue-beat-expectations-2021-02-16), although revenue rose more than forecast. The company had roughly 1.6 billion shares outstanding when it went public, but less than 500 million shares were permitted to be sold at the time. Despite the recent selloff, the stock, which went public on Sept. 30 (http://www.marketwatch.com/story/asana-shares-surge-more-than-30-while-palantir-still-awaits-first-trade-11601485452), has still rallied 40.7% over the past 30 days, while the Renaissance IPO ETF (IPO) has climbed 28.5%, the SPDR S&P Software and Services ETF (XSW) has hiked up 31.2% and the S&P 500 has gained 9.3%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com


(END) Dow Jones Newswires

February 18, 2021 11:13 ET (16:13 GMT)

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