3M Stock Trades Near 52-Week High: How Should Investors Play?

Shares of 3M Company (MMM) are showing impressive gains of late, trading close to its 52-week high of $135.28. The stock closed at $134.61 (on Monday), just 0.5% below the highest point. In the past three months, the conglomerate giant’s shares have surged 33.5%, outpacing the Zacks Diversified Operations industry’s decline of 8.2% and the S&P 500’s growth of 2.2%. The company has also outperformed other industry players like Danaher Corporation (DHR) and ITT Inc. (ITT) , which have returned 7.2% and 3.6%, ...