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Shares of 3M Co Fall Below Previous 52-Week Low

By Amy Schwartz

Shares of 3M Co (NYSE:MMM) traded today at $157.75, breaking its 52-week low. Approximately 421,000 shares have changed hands today, as compared to an average 30-day volume of 2.9 million shares.

3M Company operates as a technology company worldwide. The company's Industrial segment offers tapes, abrasives, adhesives, ceramics, sealants, specialty materials, purification products, closure systems, acoustic systems products, automotive components, abrasion-resistant films, and paint finishing and detailing products. Its Safety and Graphics segment provides personal protection and transportation safety products, commercial graphics systems, commercial cleaning and protection products, floor matting, roofing granules, fall protection products, self-contained breathing apparatus systems, and gas and flame detection instruments.

3M Co share prices have moved between a 52-week high of $219.75 and the current low of $157.75 and are currently at $157.75 per share. In the last five trading sessions, the 50-day moving average (MA) has remained constant while the 200-day MA has slid 0.2%.

3M Co (NYSE:MMM) has potential upside of 42.6% based on a current price of $157.75 and analysts' consensus price target of $225.00. 3M Co shares should first meet resistance at the 50-day moving average (MA) of $170.53 and find additional resistance at the 200-day MA of $190.01.

SmarTrend is monitoring the recent change of momentum in 3M Co. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of 3M Co in search of a potential trend change.

Keywords: 52 week high/lows 3m co

Ticker(s): MMM