3M Co’s recent filing unveils that its EVP & Chief Public Affairs Off Clarke Victoria unloaded Company’s shares for reported $0.27 million on Jan 31 ’25. In the deal valued at $154.22 per share,1,750 shares were sold. As a result of this transaction, Clarke Victoria now holds 194 shares worth roughly $29039.86.
Then, Victoria Clarke bought 1,750 shares, generating $269,500 in total proceeds.
Before that, Roman Michael F sold 49,598 shares. 3M Co shares valued at $7,553,577 were divested by the Chairman of the Board at a price of $152.30 per share. As a result of the transaction, Roman Michael F now holds 180,895 shares, worth roughly $27.08 million.
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 Monday, 3M Co [NYSE:MMM] saw its stock fall -0.12% to $149.69. Over the last five days, the stock has lost -0.23%. 3M Co shares have risen nearly 15.96% since the year began. Nevertheless, the stocks have risen 90.79% over the past one year. While a 52-week high of $155.00 was reached on 01/31/25, a 52-week low of $75.65 was recorded on 01/02/25. SMA at 50 days reached $137.39, while 200 days put it at $122.72.
Levels Of Support And Resistance For MMM Stock
The 24-hour chart illustrates a support level at 148.35, which if violated will result in even more drops to 147.00. On the upside, there is a resistance level at 150.82. A further resistance level may holdings at 151.94. The Relative Strength Index (RSI) on the 14-day chart is 62.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.96%. Stochastics %K at 53.82% indicates the stock is a holding.
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.
