3M Co. stock rises Tuesday, outperforms market

3M Co. stock rises Tuesday, outperforms market

Shares of 3M Co. MMM, +0.53% inched 0.53% higher to $151.21 Tuesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +0.36% rising 0.36% to 3,306.51 and the Dow Jones Industrial Average DJIA, +0.61% rising 0.62% to 26,828.47. The stock’s rise snapped a three-day losing streak. 3M Co. closed $31.34 short of its 52-week high ($182.54), which the company reached on January 14th.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Amazon.com Inc. AMZN, +0.86% rose 0.87% to $3,138.83, Johnson & Johnson JNJ, -0.08% fell 0.09% to $147.22, and Danaher Corp. DHR, -0.36% fell 0.37% to $206.07. Trading volume (1.8 M) remained 1.2 million below its 50-day average volume of 3.1 M.

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