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 $1,228,464 were sold by Rhodes Kevin H on May 20 ’25. At $154.02 per share, Rhodes Kevin H sold 7,976 shares. The insider’s holdings dropped to 15,147 shares worth approximately $2.26 million following the completion of this transaction.
Also, Rhodes Kevin H purchased 7,976 shares, netting a total of over 1,228,464 in proceeds.
Before that, Dickson Zoe L had sold 7,915 shares from its account. In a trade valued at $1,179,469, the EVP & Chief HR Officer traded 3M Co shares for $149.02 each. Upon closing the transaction, the insider’s holdings decreased to 7,915 shares, worth approximately $0.92 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 1.03%. Over the course of the year, 3M Co shares have jumped approximately 15.73%. A 50-day SMA is recorded $142.83, while a 200-day SMA reached $137.36.
Support And Resistance Levels for 3M Co (MMM)
RSI (Relative Strength Index) is 57.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.01, which suggests the price will increase in the coming days. Percent R is at 31.17%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
