3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $190.00 short call and a strike $200.00 long call offers a potential 22.55% return on risk over the next 28 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $190.00 by expiration. The full premium credit of $1.84 would be kept by the premium seller. The risk of $8.16 would be incurred if the stock rose above the $200.00 long call strike price.
The 5-day moving average is moving down which suggests that the short-term momentum for 3M is bearish and the probability of a decline in share price is higher if the stock starts trending.
The 20-day moving average is moving down which suggests that the medium-term momentum for 3M is bearish.
The RSI indicator is at 31.04 level which suggests that the stock is neither overbought nor oversold at this time.
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LATEST NEWS for 3M
3M (MMM) Faces Inflationary Pressures, Expects EPS to be Hurt
Wed, 15 Sep 2021 12:30:12 +0000
3M (MMM) discusses major concerns, especially related to the semiconductor shortage, raw material cost inflation, and logistics issues, for the rest of 2021. Adverse earnings impacts are likely.
Big investors are starting to get worried: BofA survey
Tue, 14 Sep 2021 10:59:01 +0000
A new survey out of Bank of America highlights worsening expectations around several key areas for the stock market.
3M Stock Slides As CFO Cautions On Inflation Impact To Q3 Outlook
Mon, 13 Sep 2021 09:13:00 +0000
3M CFO Monish Patolawala told a Morgan Stanley investment conference that input costs have been outpacing price increases over the current quarter.
3M Falls as Rising Cost of Raw Materials Could Hit Bottom Line
Mon, 13 Sep 2021 09:10:07 +0000
By Dhirendra Tripathi
3M Company (NYSE:MMM) Should be on Your Dividend Watch List
Sat, 11 Sep 2021 15:21:23 +0000
While the overall market has been rolling over in the last few days, 3M Company ( NYSE: MMM ) has been leading the decline. After a mediocre year, stock's price spent most of the summer ranging, before dropping almost 6% following the latest dividend payment. As the stock declines, we will examine the dividend – its growth potential, and other important factors.
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