Check Out What Whales Are Doing With MMM
Portfolio Pulse from Benzinga Insights
A significant bullish stance has been taken on 3M (NYSE:MMM) by a large investor, as indicated by a large position in the company's options. The sentiment among these big-money traders is 75% bullish and 25% bearish. The price target for 3M over the last three months, based on Volume and Open Interest, ranges from $70.0 to $170.0. The current price of MMM is up 1.9% at $111.92. Analysts from Citigroup, Morgan Stanley, and Barclays have maintained their ratings on 3M.
July 26, 2023 | 6:31 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
A large investor has taken a bullish stance on 3M, with a significant options position. The sentiment among these big-money traders is 75% bullish and 25% bearish. The price target for 3M over the last three months, based on Volume and Open Interest, ranges from $70.0 to $170.0.
The news of a large investor taking a bullish stance on 3M, as indicated by a significant options position, is likely to have a positive impact on the company's stock in the short term. The sentiment among these big-money traders is predominantly bullish, which could drive the stock price up. Furthermore, the price target for 3M over the last three months, based on Volume and Open Interest, indicates a potential upside.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100