Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. 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 $0.65 million following the completion of this transaction.
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 Wells Fargo on January 22, 2025, 3M Co [MMM] has been rated up from an Equal weight to an Overweight and the price target has been revised to $170 from $140. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of October 22, 2024, Melius has increased its “Hold” rating to a “Buy” for MMM. Earlier on September 06, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Underweight” for MMM stock.
Analyzing MMM Stock Performance
During the last five days, there has been a surge of approximately 8.68%. Over the course of the year, 3M Co shares have jumped approximately 15.52%. Shares of the company reached a 52-week high of $152.08 on 01/22/25 and a 52-week low of $128.98 on 01/02/25. A 50-day SMA is recorded $131.99, while a 200-day SMA reached $118.87. Nevertheless, trading volume fell to 7.08 million shares from 11.37 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 146.99, which, if violated, would cause prices to drop to 144.87. In the upper region, resistance lies at 151.66. The next price resistance is at 154.21. RSI (Relative Strength Index) is 79.90 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.73, which suggests the price will increase in the coming days. Percent R is at 12.64%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
