3M Co. Stock Falls Thursday, Underperforms Market

Panasonic Holdings Corp

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Consumer Discretionary : Household Durables | Large Cap Value
Based in Japan

Company profile

Panasonic Corporation is a Japan-based company engaged in the integrated electronics related business. The Company has four business segments. The Appliance segment is engaged in the development, manufacture and sale of products for home appliance, beauty, health and other business to consumer (BtoC) business, as well as devices, energy and other business to business (BtoB) business. The Eco Solutions segment is engaged in the development, manufacture and sale of electrical equipment, housing materials and other products for construction business. The Connected Solutions segment is engaged in the development, manufacture and sale of products for distribution, logistics, entertainment, public, avionics and manufacturing business. The Automotive and Industrial Systems segment is engaged in the development, manufacture and sale of products for automotive motorized systems business, as well as batteries and other BtoB business. The Company is also engaged in the sale of raw materials.

3M Co. Stock Falls Thursday, Underperforms Market

4:32 pm ET December 8, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of 3M Co. (MMM) slipped 0.28% to $126.00 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.75% to 3,963.51 and the Dow Jones Industrial Average rising 0.55% to 33,781.48. 3M Co. closed $55.78 below its 52-week high ($181.78), which the company achieved on January 5th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Johnson & Johnson (JNJ) rose 0.02% to $177.20, Honeywell International Inc. (HON) fell 0.05% to $213.35, and General Electric Co. (GE) fell 1.61% to $83.63. Trading volume (3.8 M) eclipsed its 50-day average volume of 2.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled December 8, 2022.

(END) Dow Jones Newswires

December 08, 2022 16:32 ET (21:32 GMT)