3M Co. Stock Rises Thursday, Still Underperforms Market
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Shares of 3M Co. (MMM) inched 0.18% higher to $129.35 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,983.17 and the Dow Jones Industrial Average rising 0.64% to 34,189.97. This was the stock's fifth consecutive day of gains. 3M Co. closed $51.99 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 0.50% to $174.00, Honeywell International Inc. (HON) rose 1.73% to $215.98, and General Electric Co. (GE) rose 1.51% to $78.86. Trading volume (1.8 M) remained 824,080 below its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2023.
(END) Dow Jones Newswires
January 12, 2023 16:32 ET (21:32 GMT)
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