A hoard of news has been buzzing in relation to
3M Company (MMM). The company's stock has been a topic of interest for investors who have seen it soar, underperform, and everything in between.
Gulf International Bank and
Newbridge Financial Services Group Inc. among others, expanded their stake in 3M. Moreover, financial entities like
Bank of New Hampshire and
Trust Co. of Vermont sold off their shares. The company has experienced a less feared dividend cut, prompting a surge in the stock to a 16-month high. Its health care business was approved for a spin-off by the Board. Subsequently,
Solventum was revealed as the new name for the resultant independent health care company. 3M also underwent a CEO change, appointing
William Brown at the helm. Despite several robust trading days, the company's stock was observed to underperform when juxtaposed with competitors. Provoking further attention, an analysis suggested that 3M could be
47% undervalued. The company's Q1 2024 earnings exceeded expectations despite a slight sales downturn. Meanwhile, shareholders who invested five years back are facing a 45% loss.
3m Company MMM News Analytics from Thu, 16 Nov 2023 08:00:00 GMT to Sun, 23 Jun 2024 13:55:53 GMT -
Rating 1
- Innovation -3
- Information 3
- Rumor -7
