3M Co. stock trades under the ticker MMM & has shown recent bullish behavior that traders & investors should look deeper into.
MMM stock closed at $116.90/share on 2/7/2023.
3M Co. MMM Stock’s Technical Performance Broken Down
MMM Stock Price: $116.90
10 Day Moving Average: $115.64
50 Day Moving Average: $122.40
200 Day Moving Average: $128.04
RSI: 45.15
MACD: -1.928
Yesterday, MMM stock completed a bullish MACD crossover, gaining 0.34% on the day’s session.
Recent trading volumes have been about average compared to the past year & their RSI is just below neutral, with their most recent candlesticks signaling some short-term losses which can provide a good entry point.
MMM stock has support at the $115.64 (10 Day Moving Average) & $114.76/share price levels, as they try to break out above the $117.80 & $120.85/share resistance levels.
3M Co. MMM Stock As A Long-Term Investment
Long-term focused investors will like MMM stock’s 11.38 P/E (ttm), but may find their 4.31 P/B (mrq) to be a bit too rich.
They recently reported -6.2% Quarterly Revenue Growth Y-o-Y, with -59.6% Quarterly Earnings Growth Y-o-Y, which investors may want to dig deeper into.
Prospective investors would also be best served by reading deeper into their balance sheet, with $3.98B of Total Cash (mrq) & $16.2B of Total Debt (mrq).
MMM stock pays a 5.12% dividend, which may not be sustainable in the long-run, as their payout ratio is 58.55%.
68.3% of MMM stock’s outstanding share float is owned by institutional investors.
3M Co. MMM Stock As A Short-Term Trade Using Options
Traders focused on shorter time horizons can trade options to profit from MMM stock’s price movements, while protecting their portfolios from volatility.
I am looking at the contracts with the 3/17 expiration date.
The $115, $110 & $100 call options are all in-the-money, listed from most to least liquid strike price.
The $120, $125 & $130 puts are also all in-the-money, listed from highest to lowest level of open interest.
Tying It All Together
MMM stock has many interesting characteristics that traders & investors are sure to find appealing.
Investors will like their dividend yield, but may want to look deeper into recent fundamental performance, as well as into their balance sheet structure.
Traders will like their recent technical performance, as well as how liquid their options are.
All-in-all, it is worth taking a closer look into MMM stock to see how it fits into your portfolio strategy.
*** I DO NOT OWN SHARES OF NOR OPTIONS POSITIONS IN MMM STOCK AT THE TIME OF PUBLISHING THIS ARTICLE ***