3M Company's stock (NYSE:MMM) has seen significant interest, with fluctuating market performance. Key events include an
upgrade from Vertical Research which resulted in increased trading. Despite an unexpected dividend cut, 3M’s stock surged to a 16-month high. 3M also outlined strong operational performance in their
first-quarter results and provided guidance for the full year 2024. While attracting investor attention, the Company executed a
spin-off of its health care business, Solventum. Despite dividend cuts ending its long-standing reign as a Dividend King, there's suggestion from an intrinsic calculation indicating that 3M may be
47% undervalued. The naming of
William Brown as new CEO gave 3M stocks a significant boost. Although MMM's stock has faced some declines, it has also demonstrated resilience by outperforming other market trends. 3M shareholders rejected executives' pay packages in their annual meeting. The
spin-off of Solventum was completed while 3M faced some backlash related to executives' pay amid company overhaul.
3m Company MMM News Analytics from Mon, 09 Oct 2023 07:00:00 GMT to Sun, 19 May 2024 09:46:17 GMT -
Rating 4
- Innovation 2
- Information 8
- Rumor 0
