Among the S&P 500’s biggest fallers on Friday January 29 was 3M Company (MMM). The stock experienced a 4.23% decline to $175.66 with
4.2 million shares changing hands.
3M Company started at an opening price of 182.29 and hit a high of $182.98 and a low of $174.87. Ultimately, the stock took a hit and finished the day at $7.76 per share.
3M Company trades an average of n/a shares a day out of a total 577.75 million shares outstanding. The current moving averages are a 50-day SMA of $n/a
and a 200-day SMA of $n/a.
3M Company hit a high of $187.28 and a low of $114.04 over the last year.
3M is a multinational conglomerate that has operated since 1902 when it was known as Minnesota Mining and Manufacturing. The company is well-known for its research and development laboratory, and the firm leverages its science and technology across multiple product categories. As of 2019, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. About 60% of the company’s revenue comes from outside the United States, with the safety and industrial segment constituting most of the firm’s net sales. Many of the company’s 55,000-plus products touch and concern a variety of consumers and end markets.
With its headquarters located in St. Paul, MN, 3M Company employs 96,163 people. After today’s trading, the company’s market cap has fallen to $101.49 billion, a P/S of n/a, a P/B of 7.85, and a P/FCF of n/a.
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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American
large-cap indices.
The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why
its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.
To get more information on 3M Company and to follow the company’s latest updates, you can visit the company’s profile page here:
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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