3M Co. Stock Falls Monday, Underperforms Market
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Shares of 3M Co. (MMM) slipped 1.47% to $131.03 Monday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.89% to 3,957.25 and Dow Jones Industrial Average falling 0.63% to 33,536.70. The stock's fall snapped a two-day winning streak. 3M Co. closed $54.01 short of its 52-week high ($185.04), which the company reached on November 15th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Illinois Tool Works Inc. (ITW) fell 0.32% to $225.71, General Electric Co. (GE) fell 0.56% to $85.83, and Danaher Corp. (DHR) fell 1.58% to $266.72. Trading volume (2.6 M) remained 3.5 million below its 50-day average volume of 6.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 14, 2022.
(END) Dow Jones Newswires
November 14, 2022 16:31 ET (21:31 GMT)
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