3M Co. Stock Falls Monday, Underperforms Market
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Shares of 3M Co. (MMM) shed 1.86% to $124.63 Monday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.79% to 3,998.84 and Dow Jones Industrial Average falling 1.40% to 33,947.10. The stock's fall snapped a two-day winning streak. 3M Co. closed $57.15 short of its 52-week high ($181.78), which the company reached on January 5th.
The stock demonstrated a mixed performance when compared to some of its competitors Monday, as Johnson & Johnson (JNJ) fell 0.06% to $178.78, Honeywell International Inc. (HON) fell 1.59% to $215.60, and General Electric Co. (GE) fell 2.56% to $84.66. Trading volume (2.1 M) remained 853,624 below its 50-day average volume of 3.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 5, 2022.
(END) Dow Jones Newswires
December 05, 2022 16:32 ET (21:32 GMT)
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