Sorry..,
25 replies (most recent on top)
My bet is 50 by the end of 2022. Any takers?
Stock double digits are coming soon. Let the legal troubles get some more media attention.
Support at 135 blnow broken. What is the next support level, 125 or 105.
How low will the stock price go ? When will the top dogs take notice and either resign or be thrown out? What is the BOD thinking or rather how long will they tolerate this level of incompetence ???
not great results, but thank goodness JG15 and above now getting enhanced pay instead of shares as we could not go on building up our share portfolio's on poor performing shares,, it would not pay us
From Yahoo finance :
People think a yield of 4% is great, why the stock is in the tank -33% over the 52 weeks, or worse, -10% in a month alone. What good is a 4% dividend if you lose 10%?
135 is already here
It depends whether 3M going to hire more GE alumni into executive roles
If yes then it will follow the GE spiral down
Will 3M stock ever recover from this downward spiral ???
From Yahoo finance :
3M is down 31% from the beginning of the year. That is almost 8 years worth of dividends! Even the persons who bought in last week have lost their dividend.
Nothing new in November. In summer this stock will lose momentum.
What’s happening in November
The market has given 50% discount from its peak share price.
Yes the 15pct discount on dead money isn’t appealing. Sorry all of the final true believers…
My GESPP has turn from profit to loss now... Painful to see it decline over the 10+ years of purchase
Personally I have reduced my holdings in 401k and sold off in recent days and put it in S&P 500 index fund whenever price have reached above $ 150. Hopefully by summer, no more 3M stocks in my 401k.
Next action is to sell off all the stock in my GESPP account.
Some analyst should ask CEO why is he letting go of his stocks, if he keeps claiming he is confident of the new 3M operating model?!?
https://www.etfdailynews.com/2022/05/05/3m-nysemmm-ceo-michael-f-roman-sells-10610-shares-of-stock/
CEO unloads about 10 % of his stock.
Sell sell sell
Enuff said !
3M (NYSE:MMM – Get Rating) CEO Michael F. Roman sold 10,610 shares of the stock in a transaction on Tuesday, May 3rd. The stock was sold at an average price of $146.21, for a total transaction of $1,551,288.10.
November seller - glad you took the plunge. For the others, you may want to consider cutting losses here…
For my case, i regreted not selling at $250+ range. And saw the stock price halved under the new CEO.
I started in late 2020 and regret that I participated in three employee stock purchase plan.
To this poster who has been providing this insight on the stock price. I sold all my 3M shares in November in my retirement. Thank you so very much!
whoever this person is , can i get the powerball numbers from him,, in regards to post.............................this is from a previous post in november so some very well informed ops on this site,,#
nobody wants it,, and how can Roman take his big payoff when the company is on a slide for the next 12-18 months, watch out for the share price going down 10-15 usd in the second week of november,, it might not bounce back ever,, the new norm will be $145 from february onwards,, the big crash could happen in November next year
pretty safe for another 2-3 months, the price should go above 155 for a while till mid june, but as was posted in a previous thread, the real danger is coming in November, the price will go sub 130 and even lower, a big crash will happen ,
Wow $135. Thats 50% off discounted from its peak back in 2018. Credit to the Advance 3M model which was touted to "Advance" the company.