3M Co’s filing revealed that its Officer Victoria Clarke acquired Company’s shares for reported $0.27 million on Jan 31 ’25. In the deal valued at $154.00 per share,1,750 shares were bought.
Then, Roman Michael F sold 49,598 shares, generating $7,553,577 in total proceeds. Upon selling the shares at $152.30, the Chairman of the Board now owns 180,895 shares.
Before that, Michael F. Roman bought 49,598 shares. 3M Co shares valued at $7,538,896 were divested by the Director at a price of $152.00 per share.
Wells Fargo upgraded its 3M Co [MMM] rating to an Overweight from a an Equal weight in a research note published on January 22, 2025; the price target was increased to $170 from $140. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in mid November from “a Neutral” to “a Buy”. Melius also remained covering MMM and has increased its forecast on October 22, 2024 with a “Buy” recommendation from previously “Hold” rating. Morgan Stanley started covering the stock on September 06, 2024. It rated MMM as “an Underweight”.
Price Performance Review of MMM
On Friday, 3M Co [NYSE:MMM] saw its stock fall -1.42% to $152.20. Over the last five days, the stock has gained 1.85%. 3M Co shares have risen nearly 17.90% since the year began. Nevertheless, the stocks have risen 90.12% over the past one year. While a 52-week high of $154.65 was reached on 01/31/25, a 52-week low of $75.65 was recorded on 01/02/25. SMA at 50 days reached $134.71, while 200 days put it at $120.95.
Levels Of Support And Resistance For MMM Stock
The 24-hour chart illustrates a support level at 151.22, which if violated will result in even more drops to 150.24. On the upside, there is a resistance level at 154.09. A further resistance level may holdings at 155.98. The Relative Strength Index (RSI) on the 14-day chart is 75.37, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.00%. Stochastics %K at 93.98% 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 2024-12-31, growing by 0.16 million shares to a total of 6.5 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 6.34 million shares. There was a rise of 2.46%, which implies that there is a positive sentiment for the stock.
