3M Co. Stock Underperforms Friday When Compared To Competitors Despite Daily Gains
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Shares of 3M Co. (MMM) advanced 1.62% to $124.84 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.36% to 3,770.55 and the Dow Jones Industrial Average rising 1.26% to 32,403.22. The stock's rise snapped a four-day losing streak. 3M Co. closed $61.46 below its 52-week high ($186.30), which the company reached on November 12th.
The stock underperformed when compared to some of its competitors Friday, as Illinois Tool Works Inc. (ITW) rose 1.97% to $215.15, General Electric Co. (GE) rose 3.43% to $81.07, and Danaher Corp. (DHR) rose 2.30% to $246.97. Trading volume (2.3 M) remained 8.2 million below its 50-day average volume of 10.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 4, 2022.
(END) Dow Jones Newswires
November 04, 2022 16:32 ET (20:32 GMT)
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