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

Overall market sentiment has been down on 3M Co (MMM) stock lately. MMM receives a Bearish rating from InvestorsObserver Stock 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. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With MMM Stock Today?

3M Co (MMM) stock is trading at $104.05 as of 3:00 PM on Wednesday, Mar 27, a rise of $1.42, or 1.38% from the previous closing price of $102.63. The stock has traded between $102.99 and $104.64 so far today. Volume today is below average. So far 2,127,102 shares have traded compared to average volume of 5,783,394 shares.

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.