Investor Alert

New York Markets Open in:

Market Pulse Archives

Sept. 7, 2021, 11:17 a.m. EDT

3M stock sinks to lead the Dow's losers, heads for first close below 200-DMA in 13 months

Watchlist Relevance

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    3M Co. (MMM)
  • X
    Dow Jones Industrial Average (DJIA)
  • X
    Industrial Select Sector SPDR ETF (XLI)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of 3M Co. /zigman2/quotes/205029460/composite MMM -2.32% sank 3.0% in morning trading Tuesday, enough to pace the Dow Jones Industrial Average's /zigman2/quotes/210598065/realtime DJIA +0.13% decliners and to put them on track to close at a 5 1/2-month low. The industrial and consumer products company's stock, stock's price decline of $5.85 is shaving roughly 39 points off the price of the Dow, which is down 280 points, or 0.8%, with 24 if 30 components losing ground. 3M shares are also on track to close below its 200-day moving average (200-DMA), which many on Wall Street view as a dividing line between longer-term uptrends and downtrends, for the first time since Aug. 6, 2020. The stock has now shed 9.1% since closing at a two-year high of $207.33 on May 10, 2021. The company's most recent press release was on Friday, which was to announce that it will host an investor event on Sept. 13. The stock has now lost 7.5% over the past three months, while the SPDR Industrial Select Sector ETF /zigman2/quotes/202026558/composite XLI +0.50% has slipped 1.6% and the Dow has gained 1.3%.

$ 94.79
-2.25 -2.32%
Volume: 4.44M
Sept. 25, 2023 4:03p
P/E Ratio
Dividend Yield
Market Cap
$53.57 billion
Rev. per Employee
US : Dow Jones Global
+43.04 +0.13%
Volume: 0.00
Sept. 25, 2023 5:22p
US : U.S.: NYSE Arca
$ 102.30
+0.51 +0.50%
Volume: 7.36M
Sept. 25, 2023 4:00p

This Story has 0 Comments
Be the first to comment
More News In

Story Conversation

Commenting FAQs »

Partner Center

Link to MarketWatch's Slice.