3M today announced the following investor events:
Benchmarks ended higher on Wednesday primarily boosted by encouraging industrial production data and better-than-expected Chinese economic data
3M was a winner within the industrial goods sector, rising $2.68 (2.0%) to $136.77 on light volume
The Dow component that led the way higher today was 3M (NYSE:MMM), which sported a $2.68 gain (+2%) bringing the stock to $136.77.
Post-it notes maker 3M Co said its board opposed a proposal by shareholder James McRitchie to allow investors holding enough shares to take a particular action through written consent without putting it to a vote. McRitchie and his shareholder activist ally John Chevedden proposed that such actions be approved without prior notice to other stockholders or the company, 3M said in a letter to stockholders.
The Dow component that led the way higher today was Chevron (NYSE:CVX), which sported a 34-cent gain (+0.3%) bringing the stock to $117.03. Holding the Dow back today was 3M (NYSE:MMM), which lagged the broader Dow index with a $1.58 decline (-1.2%) bringing the stock to $132.39.
Diversified conglomerate 3M Company recently announced the availability of Cold Shrink QS4 Integrated splice for the construction and industrial market.