3M Reaches New 52-Week High (MMM)

NEW YORK ( TheStreet) -- 3M (NYSE: MMM) hit a new 52-week high Thursday as it is currently trading at $115.52, above its previous 52-week high of $115.49 with 957,726 shares traded as of 11:30 a.m. ET. Average volume has been 2.8 million shares over the past 30 days.

3M has a market cap of $78.92 billion and is part of the conglomerates sector and conglomerates industry. Shares are up 23.5% year to date as of the close of trading on Wednesday.

3M Company operates as a diversified technology company worldwide.

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TheStreet Ratings rates 3M as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, expanding profit margins and good cash flow from operations. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results. You can view the full 3M Ratings Report.

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