The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. 3M Co shares valued at $131,925 were sold by Reinseth Theresa E on Nov 20 ’24. At $127.71 per share, Reinseth Theresa E sold 1,033 shares. The insider’s holdings dropped to 4,388 shares worth approximately $0.56 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Theresa E. Reinseth purchased 1,033 shares, netting a total of over 131,925 in proceeds.
Before that, Patolawala Monish D had added 14,981 shares to its account. In a trade valued at $1,947,230, the Former Director bought 3M Co shares for $129.98 each.
As published in a research note from UBS on November 13, 2024, 3M Co [MMM] has been rated up from a Neutral to a Buy and the price target has been revised to $184. Analysts at Melius upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late October. As of September 06, 2024, Morgan Stanley has initiated its “an Underweight” rating for MMM. Earlier on July 30, 2024, Argus upgraded its rating. Their new recommendation was “a Buy” for MMM stock which previously was a “a Hold”.
Analyzing MMM Stock Performance
During the last five days, there has been a drop of approximately -3.78%. Over the course of the year, 3M Co shares have jumped approximately 39.30%. Shares of the company reached a 52-week high of $141.34 on 10/22/24 and a 52-week low of $75.40 on 03/04/24. A 50-day SMA is recorded $132.66, while a 200-day SMA reached $109.06. Nevertheless, trading volume fell to 2.54 million shares from 1.7 million shares the previous day.
Support And Resistance Levels for 3M Co (MMM)
According to the 24-hour chart, there is a support level at 126.23, which, if violated, would cause prices to drop to 125.15. In the upper region, resistance lies at 128.49. The next price resistance is at 129.67. RSI (Relative Strength Index) is 41.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.51, which suggests the price will decrease in the coming days. Percent R is at 76.31%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
