Why 3M Stock Was Moving Higher Today

Shares of 3M (MMM -11.36%) finished the day higher after the industrial conglomerate completed the spin-off of its healthcare business, which is now known as Solventum (NYSE: SOVL).Investors cheered the spin-off for a number of reasons, and 3M closed Monday's session up 6.1%. Solventum, however, finished the day down 0.7%. 3M completes the spin-offInvestors had been waiting over a year for the spin-off to go through. The creation of Solventum represents the culmination of several months of work behind the s ...