3M Co. Stock Falls Tuesday, Underperforms Market
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Shares of 3M Co. (MMM) slipped 6.21% to $115.00 Tuesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.31% to 33,733.96 and the S&P 500 Index falling 0.07% to 4,016.95. The stock's fall snapped a two-day winning streak. 3M Co. closed $60.25 below its 52-week high ($175.25), which the company reached on January 26th.
The stock underperformed when compared to some of its competitors Tuesday, as Johnson & Johnson (JNJ) remained unchanged, Honeywell International Inc. (HON) rose 1.21% to $206.93, and General Electric Co. (GE) rose 1.17% to $80.70. Trading volume (10.2 M) eclipsed its 50-day average volume of 2.8 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 24, 2023.
(END) Dow Jones Newswires
January 24, 2023 16:32 ET (21:32 GMT)
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