3M Co’s recent filing unveils that its Sr Vice President & CAO Reinseth Theresa E unloaded Company’s shares for reported $0.13 million on Nov 20 ’24. In the deal valued at $127.71 per share,1,033 shares were sold. As a result of this transaction, Reinseth Theresa E now holds 4,388 shares worth roughly $0.58 million.
Then, Theresa E. Reinseth bought 1,033 shares, generating $131,925 in total proceeds.
Before that, Patolawala Monish D bought 14,981 shares. 3M Co shares valued at $1,947,230 were divested by the Former Director at a price of $129.98 per share.
UBS upgraded its 3M Co [MMM] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Melius’s analysts, who increased its forecast for the stock in late October from “a Hold” to “a Buy”. Morgan Stanley began covering MMM with “an Underweight” recommendation on September 06, 2024. Argus revised its rating on July 30, 2024. It rated MMM as “a Buy” which previously was an “a Hold”.
Price Performance Review of MMM
On Friday, 3M Co [NYSE:MMM] saw its stock fall -2.47% to $131.21. Over the last five days, the stock has gained 1.16%. 3M Co shares have risen nearly 1.64% since the year began. Nevertheless, the stocks have risen 43.85% over the past one year. While a 52-week high of $141.34 was reached on 01/08/25, a 52-week low of $75.65 was recorded on 01/02/25. SMA at 50 days reached $130.25, while 200 days put it at $117.10.
Levels Of Support And Resistance For MMM Stock
The 24-hour chart illustrates a support level at 129.93, which if violated will result in even more drops to 128.64. On the upside, there is a resistance level at 133.20. A further resistance level may holdings at 135.18. The Relative Strength Index (RSI) on the 14-day chart is 52.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.57, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 38.68%. Stochastics %K at 86.03% indicates the stock is a selling.
How much short interest is there in 3M Co?
A steep rise in short interest was recorded in 3M Co stocks on 2024-12-13, dropping by -0.64 million shares to a total of 6.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 6.67 million shares. There was a decline of -10.55%, which implies that there is a negative sentiment for the stock.
