3M Co. Stock Falls Wednesday, Underperforms Market
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Shares of 3M Co. (MMM) slid 3.04% to $122.75 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.56% to 3,928.86 and Dow Jones Industrial Average falling 1.81% to 33,296.96. This was the stock's second consecutive day of losses. 3M Co. closed $58.12 below its 52-week high ($180.87), which the company achieved on January 19th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Johnson & Johnson (JNJ) fell 1.51% to $169.76, Honeywell International Inc. (HON) fell 3.77% to $204.24, and General Electric Co. (GE) fell 1.52% to $79.27. Trading volume (4.2 M) eclipsed its 50-day average volume of 2.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 18, 2023.
(END) Dow Jones Newswires
January 18, 2023 16:32 ET (21:32 GMT)
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