Source: InvestingPro
Closing: 116.52
Market Cap (total value of a publicly traded company's outstanding common shares owned by stockholders): 64.51 billion
Bottom Line
The recent sell-off in MMM stock indicates that this industrial giant is in deep trouble, which is far from over. Though its restructuring move is encouraging and could leave the parent company with lots of cash, it’s not the right time to bet on this name, especially when its legal battles are intensifying and the economy is taking a bad turn.