Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 3M Co shares valued at $269,878 were sold by Clarke Victoria on Jan 31 ’25. At $154.22 per share, Clarke Victoria sold 1,750 shares. The insider’s holdings dropped to 194 shares worth approximately $29575.3 following the completion of this transaction.
Also, Victoria Clarke purchased 1,750 shares, netting a total of over 269,500 in proceeds.
Before that, Roman Michael F had sold 49,598 shares from its account. In a trade valued at $7,553,577, the Chairman of the Board traded 3M Co shares for $152.30 each. Upon closing the transaction, the insider’s holdings decreased to 49,598 shares, worth approximately $27.58 million.
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 0.60%. Over the course of the year, 3M Co shares have jumped approximately 18.10%. Shares of the company reached a 52-week high of $155.00 on 01/31/25 and a 52-week low of $128.98 on 01/02/25. A 50-day SMA is recorded $136.07, while a 200-day SMA reached $121.85. Nevertheless, trading volume fell to 2.78 million shares from 3.11 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 150.92, which, if violated, would cause prices to drop to 149.39. In the upper region, resistance lies at 153.80. The next price resistance is at 155.15. RSI (Relative Strength Index) is 71.55 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.07, which suggests the price will increase in the coming days. Percent R is at 13.74%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
