3M Co. Stock Falls Thursday, Underperforms Market
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Shares of 3M Co. (MMM) slid 1.75% to $122.96 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.16% to 3,808.10 and Dow Jones Industrial Average falling 1.02% to 32,930.08. The stock's fall snapped a two-day winning streak. 3M Co. closed $58.38 short of its 52-week high ($181.34), which the company achieved on January 13th.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Johnson & Johnson (JNJ) fell 0.74% to $178.80, Honeywell International Inc. (HON) fell 2.65% to $204.47, and General Electric Co. (GE) rose 1.55% to $71.29. Trading volume (2.6 M) remained 259,628 below its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 5, 2023.
(END) Dow Jones Newswires
January 05, 2023 16:32 ET (21:32 GMT)
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