3M Co. Stock Underperforms Tuesday When Compared To Competitors
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Shares of 3M Co. (MMM) shed 2.25% to $126.60 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.20% to 3,990.97 and Dow Jones Industrial Average falling 1.14% to 33,910.85. The stock's fall snapped a six-day winning streak. 3M Co. closed $54.27 short of its 52-week high ($180.87), which the company achieved on January 19th.
The stock underperformed when compared to some of its competitors Tuesday, as Johnson & Johnson (JNJ) fell 0.62% to $172.36, Honeywell International Inc. (HON) fell 2.02% to $212.24, and General Electric Co. (GE) rose 0.36% to $80.49. Trading volume (3.5 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 17, 2023.
(END) Dow Jones Newswires
January 17, 2023 16:32 ET (21:32 GMT)
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