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12/07/2023 16:10:00 EST
3M Company (MMM)
Industry: Conglomerates
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 30 trading days, MMM has been trading in a range between $98.51 and $84.27 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
MMM is trading between resistance at $103.35 about 0% to the upside and support at $100.18 -3% to the downside. If it can break above the resistance, it could have some more upside to the next line of resistance at $112.64, about a 9% move. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
3M Company (MMM) entered a Green zone 19 days ago on the AI powered stock chart. Wall Street analysts have a recent rating of 3.053, which is a Buy. The current analyst target price is $113.69, which gives it a potential upside of 10.08 % from the recent price of 103.28. The stock is trading 18.72% (potential upside) below its 52 week high of $122.61 and 22.91 % (potential downside) above its 52 week low of $84.03 - based on the recent price.
Company Summary
3M Company provides diversified technology services in the United States and internationally The company operates through four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. The Safety and Industrial segment offers industrial abrasives and finishing for metalworking applications; autobody repair solutions; closure systems for personal hygiene products, masking, and packaging materials; electrical products and materials for construction and maintenance, power distribution, and electrical original equipment manufacturers; structural adhesives and tapes; respiratory, hearing, eye, and fall protection solutions; and natural and color-coated mineral granules for shingles.
News
| 3M (MMM) Falls More Steeply Than Broader Market: What Investors Need to Know In the closing of the recent trading day, 3M (MMM) stood at $101.69, denoting a -1.69% change from the preceding trading day. Source: Zacks Investment Research Tue, 05 Dec 2023 18:47:19 -0500 Sentiment: Neutral |
| 3M Company (MMM) Presents at Wolfe Research Inaugural Reshoring Conference (Transcript) 3M Company (NYSE:MMM ) Wolfe Research Inaugural Reshoring Conference December 5, 2023 8:20 AM ET Company Participants Mike Roman - Chairman and CEO Bruce Jermeland - Vice President of Investor Relations Conference Call Participants Nigel Coe - Wolfe Research Nigel Coe Mike, thanks for the time. We're going to obviously have a good Q&A session. Source: Seeking Alpha Tue, 05 Dec 2023 11:19:09 -0500 Sentiment: Neutral |
| Highest Yielding ‘Dogs of the Dow' Could Be Massive Total Return Winners For 2024 This huge drugstore chain is a safe retail play for investors looking to add health care now and trades at a very cheap 7.5 times 2023 earnings expectations. Source: 24/7 Wall Street Tue, 05 Dec 2023 10:53:47 -0500 Sentiment: Positive |
| 3M's stock rallies as a former bear softens his stance Shares of 3M Co. advanced in Monday's session after a Barclays analyst abandoned his bearish call on the industrial company. Source: Market Watch Mon, 04 Dec 2023 15:43:00 -0500 Sentiment: Positive |
| 3 Dividend Stocks Worthy Of A Buy In December 2023 November was the best month for the S&P 500 since July 2022, breaking a three-month losing streak. The stock market appears overvalued after the strong November performance, suggesting a minor pullback may be needed. 3 undervalued dividend stocks to consider buying in December are Kenvue, 3M, and VICI Properties. Source: Seeking Alpha Mon, 04 Dec 2023 09:37:00 -0500 Sentiment: Neutral |
Technicals 52 Week Hi: 122.6078 52 Week Low: 84.0277 Beta: 0.985 50 Day MA: 92.4732 200 Day MA: 100.3844 Earnings / Revenue Trends Qtr Earnings Growth YOY: -0.221 Qtr Revenue Growth YOY: -0.036 Forward PE: 10.7181 Trailing PE: 0