3M Company Jumps 23% As The Selloff Proves To Be An Overreaction

josefkubesWhile there is still some work left to do, today was a win for 3M Company (NYSE:MMM) and its shareholders. MMM experienced a long retracement as shares declined from around $170 in May of 2021 to the low $70s in October of 2023. Some shareholders weren't excited about MMM spinning off its healthcare business, which formed Solventum Corporation (SLOV) in the fall of 2024, and the resetting of the quarterly dividend from $1.26 to $0.70. Shareholders that stuck with MMM experienced MMM's best day ...