3M Stocks – 3M Co. stock rises Wednesday, still underperforms market

Shares of 3M Co.
MMM,
+0.06%
inched 0.06% higher to $194.95 Wednesday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index
SPX,
+0.15%
rising 0.15% to 4,079.95 and the Dow Jones Industrial Average
DJIA,
+0.05%
rising 0.05% to 33,446.26. 3M Co. closed $1.77 short of its 52-week high ($196.72), which the company achieved on March 29th.

The stock outperformed some of its competitors Wednesday, as Illinois Tool Works Inc.
ITW,
-1.45%
fell 1.45% to $219.95, General Electric Co.
GE,
-0.07%
fell 0.07% to $13.39, and Danaher Corp.
DHR,
-0.43%
fell 0.43% to $226.07. Trading volume (1.5 M) remained 1.2 million below its 50-day average volume of 2.7 M.