Pick a date when it goes below $100.
17 replies (most recent on top)
$100.23
I agree with @mkj+1lBDgLav that 03-17-23 will be the day 3M breaks the buck.
I pick today 3/15/2023
I truly feel any company that tolerates toxic and abusive leadership cannot grow and be successful. 3M should be doing all it can to keep its employees engaged and happy during these challenging times.
Congrats to Mike & his senior leadership team in making 3M the worst performer among Dow Jones Industrial Average DJIA. Truly winning at its best.
3M stock falls toward a 10-year low, as it reversed early sharp gains to trade lower for a 4th-straight session
Published: March 14, 2023 at 2:31 p.m. ET
By Tomi Kilgore
Shares of 3M Co. MMM, -1.87%, which have now made sharp intraday reversals to trade lower for a fourth-straight session, were headed for the lowest close in 10 years. The consumer, industrial and healthcare products company’s stock was up as much as 1.6% at its intraday high of $105.17, but was shedding 1.8% in afternoon trading. Chief Financial Officer Monish Patolawala is scheduled to speak early Wednesday at the J.P. Morgan 2023 Industrials Conference, and again on March 23 at the Bank of America Global Industrials Conference. That stock was on track to close at the lowest price seen since Feb. 25, 2013. The stock had seen intraday gains of as much as 1.3% on March 9 but closed that session down 1.5%; on March 10, the stock shed 1.4% after being up as much as 1.4% intraday; and on Monday, the stock lost 0.6% after being up as much as 0.6% at its intraday high. 3M’s stock has sunk 15.2% year to date and 19.4% over the past three months, enough to make it the worst performer among Dow Jones Industrial Average DJIA, 0.24% components over those time frames. The stock had seen a brief blip up in early March, after 3M said government data showed that 90% of plaintiffs in the Combat Arms earplug litigation had “normal” hearing, data which the plaintiffs’ lawyers was being used to mislead the public. UBS analyst Chris Synder reiterated his neutral rating at that time, saying conversations with sources close to the litigation, the data 3M provided would not be relevant to the case.
If you like the stock at 102, you're going to love it at 85.
I’m hoarding 3M shares.
Was it Warren Buffet or Mediocretis that said “buy low, sell high”
@1hbf+1lBDgLav yup retail sells here while whales load up and buys the fear. its how markets work.
3/21/23
Dont love or hate a stock, just trade it.
Buy the fear, that's when markets bottom. 10 year old prices is good value risk/reward.
Here’s a real life scenario….
Pick a date when it hits $10 (yes, one zero) like GE did. Thanks Roman, Thanks Monish.
03/17/23
What number moves the board?
March no doubt
tomorrow lunchtime, silicon valley has gone kaput and this will filter onto MM shares, it could hit $95 before end of next week, SELL SELL SELL
3/24/2023