3M Co. Stock Falls Wednesday, Underperforms Market
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Shares of 3M Co. (MMM) slid 1.89% to $128.74 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 0.83% to 3,958.79 and Dow Jones Industrial Average falling 0.12% to 33,553.83. 3M Co. closed $55.13 below its 52-week high ($183.87), which the company achieved on November 17th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Illinois Tool Works Inc. (ITW) fell 0.09% to $227.65, General Electric Co. (GE) fell 2.57% to $84.90, and Danaher Corp. (DHR) fell 1.54% to $266.16. Trading volume (3.2 M) remained 2.1 million below its 50-day average volume of 5.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 16, 2022.
(END) Dow Jones Newswires
November 16, 2022 16:31 ET (21:31 GMT)
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