3M Co (MMM) Stock: What Does the Chart Say Monday?

3M Co (MMM) stock is higher by 2.17% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

3M Co has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on MMM!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With MMM Stock Today?

3M Co (MMM) stock is trading at $94.74 as of 2:15 PM on Monday, Feb 12, a rise of $1.84, or 1.98% from the previous closing price of $92.90. The stock has traded between $93.05 and $95.06 so far today. Volume today is light. So far 2,038,165 shares have traded compared to average volume of 4,363,381 shares. To see InvestorsObserver's Sentiment Score for 3M Co click here.

More About 3M Co

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 2020, 3M is organized into four business segments: safety and industrial, transportation and electronics, healthcare, and consumer. Nearly 50% of the company's revenue comes from outside the Americas, with the safety and industrial segment constituting a plurality of the firm's net sales. Many of the company's 60,000-plus products touch and concern a variety of consumers and end markets. Click Here to get the full Stock Report for 3M Co stock.