3M Co. Stock Underperforms Thursday When Compared To Competitors
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Shares of 3M Co. (MMM) slid 3.52% to $118.43 Thursday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.76% to 3,898.85 and Dow Jones Industrial Average falling 0.76% to 33,044.56. This was the stock's third consecutive day of losses. 3M Co. closed $60.79 below its 52-week high ($179.22), which the company reached on January 20th.
The stock underperformed when compared to some of its competitors Thursday, as Johnson & Johnson (JNJ) fell 0.14% to $169.53, Honeywell International Inc. (HON) fell 1.75% to $200.66, and General Electric Co. (GE) fell 3.04% to $76.86. Trading volume (4.8 M) eclipsed its 50-day average volume of 2.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2023.
(END) Dow Jones Newswires
January 19, 2023 16:32 ET (21:32 GMT)
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