3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety and Industrial, Transportation and Electronics, Health Care, and Consumer. The Safety and Industrial segment offers personal safety products, industrial adhesives and tapes, abrasives, closure and masking systems, electrical markets, automotive aftermarket, and roofing granules to industrial, electrical, and safety markets. The Transportation and Electronics provides electronics, such as display materials and systems, electronic materials solutions; automotive and aerospace, and commercial solutions; advanced materials; and transportation safety products to transportation and electronic original equipment manufacturer customers. The Health Care segment offers medical and surgical supplies, skin health and infection prevention products, oral care, separation and purification sciences, health information systems, drug delivery systems, and food safety products to healthcare industry. The Consumer segment provides home improvement, home care, and consumer health care products, as well as stationery and office supplies to various consumers. This segment is also involved in the retail auto care business. It offers its products through various e-commerce and traditional wholesalers, retailers, jobbers, distributors, and dealers, as well as directly to users. 3M Company has a strategic collaboration with Merry Maids in residential cleaning sector; and collaborations with The Infectious Disease Research Institute and Duke Human Vaccine Institute to create a vaccine candidate with potential to provide protection against multiple variants of SARS-CoV-2. The company was founded in 1902 and is headquartered in St. Paul, Minnesota.
IPO Year:
Exchange: NYSE
Website: 3m.com
Date | Price Target | Rating | Analyst |
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11/13/2024 | $184.00 | Neutral → Buy | UBS |
10/22/2024 | Hold → Buy | Melius | |
9/6/2024 | $125.00 | Underweight | Morgan Stanley |
7/30/2024 | $145.00 | Hold → Buy | Argus |
7/29/2024 | $110.00 → $150.00 | Hold → Buy | Deutsche Bank |
6/13/2024 | $125.00 | Peer Perform → Outperform | Wolfe Research |
6/7/2024 | $105.00 → $120.00 | Neutral → Buy | BofA Securities |
5/16/2024 | $140.00 | Hold → Buy | Vertical Research |
5/10/2024 | $115.00 | Hold → Buy | HSBC Securities |
5/1/2024 | $110.00 → $111.00 | Neutral → Overweight | JP Morgan |
Transform your space with these fun and unexpected holiday room designs ST. PAUL, Minn., Nov. 20, 2024 /PRNewswire/ -- Command™ Brand is partnering with New York Times bestselling author and food and entertaining expert Ayesha Curry to help holiday enthusiasts go big and bold with new and unexpected ways to decorate this season. Inspired by her love of the holidays and hosting family and friends, Ayesha helped curate and introduce four unique trends at the Command™ Brand Holiday House in New York City. From rooms adorned with warm classic colors like red, green and gold to monochromatic palettes and bold luxe statement pieces, these trends are sure to bring holiday magic you can feel.
ST. PAUL, Minn., Nov. 19, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today announced the following investor event: Goldman Sachs Industrials and Materials Conference on Thursday, Dec. 5, 2024. Bill Brown, Chief Executive Officer, and Anurag Maheshwari, Executive Vice President and Chief Financial Officer, will speak at 8:40 a.m. ET.This event will be webcast live and a replay will be available on 3M's Investor Relations website at http://investors.3M.com. About 3M3M (NYSE:MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customer
ST. PAUL, Minn., Nov. 5, 2024 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $0.70 per share for the fourth quarter of 2024. The dividend is payable Dec. 12, 2024, to shareholders of record at the close of business on Nov. 15, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years. As of Sept. 30, 2024, 3M had 544,558,607 common shares outstanding and 57,636 shareholders of record. About 3M 3M (NYSE:MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportu
Sales of $6.3 billion, up 0.4% YoYAdjusted sales of $6.1 billion with organic growth up 1.0% YoYGAAP EPS from continuing operations of $2.48, up 154% YoYAdjusted EPS from continuing operations of $1.98, up 18% YoYOperating cash flow of $(1.8) billion with adjusted free cash flow of $1.5 billionUpdating full-year 2024 adjusted EPS from continuing operations to $7.20 to $7.30 from $7.00 to $7.30ST. PAUL, Minn., Oct. 22, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today reported third-quarter results. "The 3M team delivered another quarter of strong operational execution, resulting in a double-digit increase in adjusted earnings along with solid adjusted free cash flow generation," said William Brown, 3
ST. PAUL, Minn., Oct. 7, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today announced the following investor event: Third-quarter 2024 earnings conference call on Tuesday, October 22, 2024, at 8 a.m. CT.This event will be webcast live and a replay will be available on 3M's Investor Relations website at http://investors.3M.com. About 3M3M (NYSE:MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news. Investor Contact:Bruce Jerm
Announces first scope 3 goal, a milestone for a diverse, global company with thousands of products Refines scopes 1 and 2 near-term targets for 2030 in alignment with the 1.5° C trajectory of the Paris AgreementST. PAUL, Minn., Oct. 3, 2024 /PRNewswire/ -- 3M announced today that its near-term, science-based emissions reduction targets have been validated by the Science Based Targets initiative (SBTi) as being in line with the 1.5° C trajectory of the Paris Agreement. This milestone reaffirms 3M's ongoing commitment to climate action, decarbonization of its operations and portfolio of products and continual innovation on behalf of customers around the world.
ST. PAUL, Minn., Oct. 1, 2024 /PRNewswire/ -- 3M expands its commitment to consumer safety and hearing protection with the launch of 3M™ WorkTunes™ Connect + Solar Hearing Protector. The headset marks the first solar charging wireless Bluetooth hearing protector available in the consumer market. Using the flexible solar cell technology Powerfoyle™, the headset continuously charges with both outdoor and indoor light for all-day protection, comfort and entertainment. "At 3M we are committed to developing solutions that not only improve and meet safety standards but reimagine how
3M's docuseries debuts at Fast Company Innovation Festival ahead of New York Climate WeekCollaboration with Work on Climate will address the critical need for more green talent and provide resources for professionals3M to emphasize importance of inspiring the workforce, closing the skills gap and developing a green economy talent pipeline during New York Climate Week eventsST. PAUL, Minn., Sept. 18, 2024 /PRNewswire/ -- 3M is premiering a new global docuseries today, "Green Works," to spotlight individuals working to address climate challenges and the critical need for more talent to support the green transition. The film, produced by 3M in partnership with Generous Films, features five indi
ST. PAUL, Minn., Sept. 5, 2024 /PRNewswire/ -- 3M, a global leader in innovative solutions, is proud to announce the 10-year anniversary of the highly acclaimed 3M Xtract™ Cubitron™ II Film Disc 775L. Since its introduction a decade ago, the 3M Xtract Cubitron II Film Disc 775L has consistently proven to be the best sanding disc ever made by 3M, revolutionizing the industry with its exceptional performance and durability. The 3M Xtract Cubitron II Film Disc 775L has become synonymous with excellence, setting the benchmark for quality and reliability in the market. Designed to
The small, thin shims are used in demanding applications such as automotive, wind energy, and aerospace ST. PAUL, Minn., Sept. 4, 2024 /PRNewswire/ -- 3M™ Friction Shims are small, thin steel shims with a big impact. They can increase maximum load and peak torque in bolted connections without additional fasteners or redesigns. 3M is excited to announce that it has now made and sold more than 300 million Friction Shims worldwide. "This is a significant milestone for us because we know 3M Friction Shims help our customers improve their design," said Amy McLaughlin, president o
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UBS upgraded 3M from Neutral to Buy and set a new price target of $184.00
Melius upgraded 3M from Hold to Buy
Morgan Stanley initiated coverage of 3M with a rating of Underweight and set a new price target of $125.00
Argus upgraded 3M from Hold to Buy and set a new price target of $145.00
Deutsche Bank upgraded 3M from Hold to Buy and set a new price target of $150.00 from $110.00 previously
Wolfe Research upgraded 3M from Peer Perform to Outperform and set a new price target of $125.00
BofA Securities upgraded 3M from Neutral to Buy and set a new price target of $120.00 from $105.00 previously
Vertical Research upgraded 3M from Hold to Buy and set a new price target of $140.00
HSBC Securities upgraded 3M from Hold to Buy and set a new price target of $115.00
JP Morgan upgraded 3M from Neutral to Overweight and set a new price target of $111.00 from $110.00 previously
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For Immediate Release: January 22, 2021 The U.S. Food and Drug Administration today announced the following actions taken in its ongoing response effort to the COVID-19 pandemic: The FDA’s Office of Criminal Investigations recently investigated a case that has led to an arrest and the filing of a criminal complaint by the U.S. Department of Justice for introducing misbranded drugs into interstate commerce. The criminal investigation found th
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ST. PAUL, Minn., Nov. 5, 2024 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $0.70 per share for the fourth quarter of 2024. The dividend is payable Dec. 12, 2024, to shareholders of record at the close of business on Nov. 15, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years. As of Sept. 30, 2024, 3M had 544,558,607 common shares outstanding and 57,636 shareholders of record. About 3M 3M (NYSE:MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportu
Sales of $6.3 billion, up 0.4% YoYAdjusted sales of $6.1 billion with organic growth up 1.0% YoYGAAP EPS from continuing operations of $2.48, up 154% YoYAdjusted EPS from continuing operations of $1.98, up 18% YoYOperating cash flow of $(1.8) billion with adjusted free cash flow of $1.5 billionUpdating full-year 2024 adjusted EPS from continuing operations to $7.20 to $7.30 from $7.00 to $7.30ST. PAUL, Minn., Oct. 22, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today reported third-quarter results. "The 3M team delivered another quarter of strong operational execution, resulting in a double-digit increase in adjusted earnings along with solid adjusted free cash flow generation," said William Brown, 3
ST. PAUL, Minn., Oct. 7, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today announced the following investor event: Third-quarter 2024 earnings conference call on Tuesday, October 22, 2024, at 8 a.m. CT.This event will be webcast live and a replay will be available on 3M's Investor Relations website at http://investors.3M.com. About 3M3M (NYSE:MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news. Investor Contact:Bruce Jerm
ST. PAUL, Minn., Aug. 16, 2024 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $0.70 per share for the third quarter of 2024. The dividend is payable September 12, 2024, to shareholders of record at the close of business on August 26, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years. As of June 30, 2024, 3M had 549,353,621 common shares outstanding and 58,536 shareholders of record. About 3M 3M (NYSE:MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the o
Sales of $6.3 billion, down 0.5% YoYAdjusted sales of $6.0 billion with organic growth up 1.2% YoYGAAP EPS from continuing operations of $2.17, up 117% YoYAdjusted EPS from continuing operations of $1.93, up 39% YoYOperating cash flow of $1.0 billion with adjusted free cash flow of $1.2 billionUpdates full-year 2024 adjusted EPS from continuing operations to $7.00 to $7.30 from $6.80 to $7.30ST. PAUL, Minn., July 26, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today reported second-quarter results. "We delivered another strong quarter with adjusted earnings growth up double-digits and robust cash generation. I want to thank 3M employees for their exceptional execution, which we expect to continue in
ST. PAUL, Minn., July 8, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today announced the following investor event: Second-quarter 2024 earnings conference call on Friday, July 26, 2024, at 8 a.m. CT.This event will be webcast live and a replay will be available on 3M's Investor Relations website at http://investors.3M.com. About 3M3M (NYSE:MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportunities and challenges of our customers, communities, and planet. Learn how we're working to improve lives and make what's next at 3M.com/news. Investor Contact:Bruce Jermela
ST. PAUL, Minn., May 14, 2024 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $0.70 per share for the second quarter of 2024. The dividend is payable June 12, 2024, to shareholders of record at the close of business on May 24, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years. As of March 31, 2024, 3M had 553,361,257 common shares outstanding and 59,380 shareholders of record. About 3M 3M (NYSE:MMM) believes science helps create a brighter world for everyone. By unlocking the power of people, ideas and science to reimagine what's possible, our global team uniquely addresses the opportun
Company delivers strong first quarter results:Sales of $8.0 billion, down 0.3% YoY; adjusted sales of $7.7 billion with organic growth up ~1% YoYGAAP earnings per share of $1.67, down 5% YoY; adjusted earnings of $2.39, up double digits YoYSuccessfully completed the spin of Solventum on April 1stFinalized legal settlements for Public Water Suppliers and Combat Arms EarplugsInitiates guidance on a continuing operations basis and updates capital allocation frameworkNamed William "Bill" Brown as CEO effective May 1st; Mike Roman will become Executive ChairmanST. PAUL, Minn., April 30, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today reported first-quarter results and initiated its 2024 financial earnin
Company files Form 8-K containing pro forma financial informationProvides rebaselined financial informationST. PAUL, Minn., April 4, 2024 /PRNewswire/ -- 3M (NYSE:MMM) today announced the following investor event: First-quarter 2024 earnings conference call on Tuesday, April 30, 2024, at 8 a.m. CDT. The earnings call can be accessed at (800) 343-4136 within the U.S. or +1 (203) 518-9843 outside the U.S., conference ID: MMMQ124.This event will be webcast live and a replay will be available on 3M's Investor Relations website at http://investors.3M.com. Supplemental Information With the April 1, 2024 completion of the Solventum spin-off, 3M will report first-quarter 2024 results inclusive of So
ST. PAUL, Minn., Feb. 6, 2024 /PRNewswire/ -- The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company's common stock of $1.51 per share for the first quarter of 2024. The dividend is payable March 12, 2024, to shareholders of record at the close of business on Feb. 16, 2024. 3M has paid dividends to its shareholders without interruption for more than 100 years driven by its resilient business model. The first quarter dividend reflects the company's continued strong cash flow generation in 2023. The company continues to make good progress on the spin-off o
3M's docuseries debuts at Fast Company Innovation Festival ahead of New York Climate WeekCollaboration with Work on Climate will address the critical need for more green talent and provide resources for professionals3M to emphasize importance of inspiring the workforce, closing the skills gap and developing a green economy talent pipeline during New York Climate Week eventsST. PAUL, Minn., Sept. 18, 2024 /PRNewswire/ -- 3M is premiering a new global docuseries today, "Green Works," to spotlight individuals working to address climate challenges and the critical need for more talent to support the green transition. The film, produced by 3M in partnership with Generous Films, features five indi
Anurag Maheshwari to join 3M on September 1 ST. PAUL, Minn., Aug. 1, 2024 /PRNewswire/ -- 3M (NYSE:MMM) announced today that Anurag Maheshwari is appointed Executive Vice President and Chief Financial Officer (CFO), effective September 1, 2024. Maheshwari currently serves as Executive Vice President and Chief Financial Officer for Otis Worldwide Corporation (Otis), a global leader in the manufacture, installation, and servicing of elevators and escalators, with customers and passengers in more than 200 countries and territories. He joins 3M with proven experience as a chief financial officer and expertise across financial and business functions, including strategic planning, operations, inve
ST. PAUL, Minn., May 14, 2024 /PRNewswire/ -- At today's Annual Meeting of Shareholders, 3M (NYSE:MMM) highlighted its strong portfolio of leading businesses, leading innovation in material science, and progress in executing the company's strategic priorities. "In 2023, we took significant action to improve our performance across our businesses and our operational execution. Our results demonstrate the positive impact of the changes we have made over the last several years, " said 3M executive chairman Mike Roman. "The progress we have made in executing our strategic priorities positions the company for long-term shareholder value creation as Bill Brown assumes the role of 3M CEO." Prelimina
NEW YORK, March 27, 2024 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: Solventum Corp. (NYSE:SOLV) will be added to the S&P 500 effective prior to the open of trading on Monday, April 1, replacing V.F. Corp. (NYSE:VFC), which will be moved to the S&P SmallCap 600 effective prior to the open of trading on Wednesday, April 3. V.F. will replace ModivCare Inc. (NASD: MODV) in the S&P SmallCap 600 also effective prior to the open of trading on April 3. S&P 500 and 100 constituent 3M Co. (NYSE:MMM) is spinning off Solventum in a transaction expected to be completed April 1. Following the spin-off, the parent 3M will rema
LONDON, ON, Feb. 16, 2024 /CNW/ - Today 3M, a global leader in technology that improves homes, businesses, and lives across Canada and around the world, announced the appointment of Dr. Marie-Claude Brandys to Managing Director of 3M Canada, effective January 15, 2024, while also maintaining her role as Laboratory Director, Canada and 3M Corporate Research and Development Operations. Since joining 3M in 2003, Dr. Brandys has executed roles as a scientist, application engineer, Lean Six Sigma Black Belt, and customer operations leader. Currently, Dr. Brandys is the Laboratory D
Consumers can enter for a chance to win $25,000 and the ultimate Command Brand Holiday Prize Package ST. PAUL, Minn., Nov. 15, 2023 /PRNewswire/ -- Command™ Brand has partnered with actress and singer Kristin Chenoweth to kick off a nationwide call for nominations to celebrate the merrymakers in their lives. Just in time for the holiday season, consumers can share a bit of magic by nominating the person in their life who goes the extra mile to deliver and spread cheer to others. One lucky winner will receive $25,000, a $1,000 gift card for holiday decor and a Command Brand Holiday Product Package – fit with everything needed to hang holiday decorations on walls, doors, windows, mantles, and
Carrie Cox, industry veteran, to serve as independent Chairman of the Board of Directors of new companyMonish Patolawala appointed 3M President and Chief Financial Officer, an expansion of his current leadership roleST. PAUL, Minn., Aug. 22, 2023 /PRNewswire/ -- 3M (NYSE:MMM) today announced the appointment of Bryan C. Hanson as Chief Executive Officer of the independent health care company when it is spun off from 3M. Hanson will join 3M on Sept. 1 as CEO of the Health Care Business Group. Hanson comes to 3M from Zimmer Biomet, a global MedTech innovator with annual revenue o
ST. PAUL, Minn., May 9, 2023 /PRNewswire/ -- At today's Annual Meeting of Shareholders, 3M (NYSE:MMM) highlighted its strong portfolio of leading businesses, leading innovation in material science, and significant actions taken to drive performance for shareholders and customers in a dynamic environment. "3M is driven by purpose, and powered by four industry-leading businesses, unique global capabilities, and a highly experienced and diverse team," said 3M chairman and chief executive officer Mike Roman. "We are relentlessly focused on serving our customers, investing in innovation, and taking important actions to drive performance in an uncertain macroeconomic environment. The changes we ar
ST. PAUL, Minn., May 10, 2022 /PRNewswire/ -- At today's Annual Meeting of Shareholders, 3M (NYSE:MMM) highlighted its strong 2021 performance, ongoing focus on customers in a dynamic environment, continued progress on sustainability goals, and commitment to deliver growth and value in 2022. "3M is driven by purpose, and powered by four industry-leading businesses, unique global capabilities, and a highly experienced and diverse team," said 3M chairman and chief executive officer Mike Roman. "We are relentlessly focused on innovating for our customers, while managing supply chain disruptions, inflation and geopolitical pressures. I am confident we will continue to grow above the macro enviro
/NOT FOR DISTRIBUTION TO US WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES OF AMERICA/ TORONTO, Aug. 17, 2021 /CNW/ - PopReach Corporation (TSXV:POPR) ("PopReach") is pleased to announce that it has entered into a letter of intent ("LOI") dated August 16, 2021 with 2810735 Ontario Inc. d/b/a Federated Foundry, an acquirer and operator of digital technology companies ("Federated" and together with PopReach, the "Parties", and each, a "Party"), pursuant to which PopReach and Federated will combine to form a leading, publicly-listed Canadian technology and media enterprise (the "Transaction"). The LOI outlines the principal terms and conditions for the Transaction, which will result
This whale alert can help traders discover the next big trading opportunities. Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner. Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. Here's the list of options activity happening in today's session: Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume AAL PUT TRADE BEARISH 07/26/24 $10.50 $795.0K 51.7K 16.8K UPS CALL SWEEP BEARISH 09/20/24 $130.00 $78
- Bloomberg
On CNBC's “Halftime Report Final Trades,” Jenny Van Leeuwen Harrington of Gilman Hill Asset Management said Clearway Energy, Inc. (NYSE:CWEN) has a 6.5% dividend yield. Clearway Energy will report second quarter financial results on Thursday, Aug. 1. The company posted a first-quarter GAAP loss of 2 cents per share on May 9. Jason Snipe of Odyssey Capital Advisors said American Express Company (NYSE:AXP) reported solid earnings. American Express reported worse-than-expected second-quarter sales results. The company's second-quarter revenue (net of interest expense) grew 8% year-on-year to $16.33 billion, slightly missing the analyst consensus estimate of $16.59 billion. Adjusted EPS
About 14% of the S&P 500 companies have reported their June quarter earnings and the blended earnings growth rate for the companies constituting the broader index remains healthy. The coming week will see the official start of the tech reporting season, which could potentially decide the fate of the market, which has seen a steep pullback in the recent week. The Week That Was: The tech earnings season had a modest start last week with the earnings report from chip-equipment maker ASML Holding N.V. (NASDAQ:ASML). The stock slumped about 16%, dragged by its weak third-quarter outlook and geopolitical concerns surrounding the China chip ban. Netflix, Inc.’s (NASDAQ:NFLX) guidance disappointe
In its continuing effort to expand into emerging climate technologies, 3M (NYSE:MMM) has completed a strategic investment in Ohmium International, a developer of electrolyzer systems for green hydrogen production. The investment is part of 3M's commitment to advancing technologies that support the transition to a low-carbon economy and may help the company explore further decarbonizing its own operations.
Barclays analyst Julian Mitchell maintains 3M (NYSE:MMM) with a Overweight and raises the price target from $118 to $120.
Wells Fargo analyst Joe O'Dea maintains 3M (NYSE:MMM) with a Equal-Weight and raises the price target from $100 to $110.
Shares of 3M (NYSE: MMM) are trading lower in premarket today. The company announced the resignation of its President and Chief Financial Officer, Monish Patolawala, effective July 31, 2024. Patolawala is stepping down to pursue another opportunity and will remain with the company until the end of July to ensure a smooth transition. “On behalf of all 3Mers, I thank Monish for his leadership and contributions to 3M over the past four years,” said William Brown, 3M Chief Executive Officer. “We wish him continued success in his future endeavors.” 3M has begun the process of finding a successor for Patolawala. The company will provide updates on the CFO succession process as appropriate
3M's (NYSE:MMM) short percent of float has fallen 3.55% since its last report. The company recently reported that it has 8.98 million shares sold short, which is 1.63% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.33 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is importan