3M Unusual Options Activity For July 11
Portfolio Pulse from Benzinga Insights
A significant investor has taken a bullish stance on 3M (NYSE:MMM), with 60% of the investors opening trades with bullish expectations and 40% with bearish. The investor has been targeting a price range from $100.0 to $115.0 for 3M over the last 3 months. The price of MMM is up 4.32% at $101.39. Morgan Stanley, Wells Fargo, Barclays, Citigroup, and DA Davidson have maintained their ratings on 3M.
July 11, 2023 | 7:32 pm
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POSITIVE IMPACT
3M has seen significant options activity, with a bullish stance taken by a major investor. The stock price is up and ratings have been maintained by major banks.
The bullish stance taken by a major investor, along with the maintained ratings from major banks, indicates a positive outlook for 3M. This could lead to an increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100