What the Options Market Tells Us About 3M
Portfolio Pulse from Benzinga Insights
Financial analysts have observed a mix of bullish and bearish options trading activity on 3M (NYSE:MMM), with an equal split between bullish and bearish sentiments. The trading activity suggests a predicted price range of $50.0 to $95.0 for 3M in the coming three months. Notable options activity includes both calls and puts with varying sentiments and strike prices. 3M, a multinational conglomerate, has seen its stock price increase by 1.12%, with a current price of $92.96. Analysts have set an average price target of $98.8, with ratings ranging from Overweight to Underperform. The next earnings report is expected in 21 days.
April 09, 2024 | 6:31 pm
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3M has experienced mixed options trading activity, with a predicted price range of $50.0 to $95.0. The stock price has recently increased by 1.12% to $92.96, and analysts have set an average price target of $98.8. The next earnings report is expected in 21 days.
The mixed options trading activity indicates uncertainty in the market regarding 3M's future price movement, which could lead to short-term volatility. However, the recent price increase and the analysts' average price target suggest a generally positive outlook. The upcoming earnings report will be crucial in determining the stock's short-term direction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100