DJ 3M Co. Stock Underperforms Wednesday When Compared To Competitors
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Shares of 3M Co. $(MMM.AU)$ shed 1.97% to $125.53 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 2.95% to 5,872.16 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
This was the stock's third consecutive day of losses.
3M Co. closed $15.81 below its 52-week high ($141.34), which the company reached on October 22nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Johnson & Johnson $(JNJ)$ fell 1.13% to $144.75, Honeywell International Inc. $(HON)$ fell 2.69% to $226.86, and GE Aerospace $(GE)$ fell 3.53% to $159.95.
Trading volume (3.6 M) eclipsed its 50-day average volume of 3.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 16:31 ET (21:31 GMT)
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