Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 3M Co shares valued at $1,151,237 were sold by Banovetz John Patrick on May 23 ’25. At $148.37 per share, Banovetz John Patrick sold 7,759 shares. The insider’s holdings dropped to 31,372 shares worth approximately $4.61 million following the completion of this transaction.
Also, Banovetz John Patrick purchased 7,759 shares, netting a total of over 1,151,237 in proceeds.
Before that, Rhodes Kevin H had sold 7,976 shares from its account. In a trade valued at $1,228,464, the EVP, Chief Legal Off & Secret traded 3M Co shares for $154.02 each. Upon closing the transaction, the insider’s holdings decreased to 7,976 shares, worth approximately $2.22 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 drop of approximately -1.24%. Over the course of the year, 3M Co shares have jumped approximately 13.73%. Shares of the company reached a 52-week high of $156.35 on 03/03/25 and a 52-week low of $121.98 on 04/07/25.
Support And Resistance Levels for 3M Co (MMM)
According to the 24-hour chart, there is a support level at 146.03, which, if violated, would cause prices to drop to 145.25. In the upper region, resistance lies at 148.27. The next price resistance is at 149.73. RSI (Relative Strength Index) is 50.92 on the 14-day chart, showing neutral technical sentiment.
