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Shares of 3M Co. (MMM) slid 0.47% to $128.00 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.59% to 4,027.26 and the Dow Jones Industrial Average rising 0.28% to 34,194.06. The stock's fall snapped a two-day winning streak. 3M Co. closed $53.78 below its 52-week high ($181.78), which the company reached on January 5th.
The stock underperformed when compared to some of its competitors Wednesday, as Illinois Tool Works Inc. (ITW) fell 0.03% to $228.68, General Electric Co. (GE) rose 0.65% to $87.87, and Danaher Corp. (DHR) rose 0.50% to $263.35. Trading volume (2.3 M) remained 919,467 below its 50-day average volume of 3.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled November 23, 2022.
(END) Dow Jones Newswires
November 23, 2022 16:31 ET (21:31 GMT)
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