Shares of 3M Co. MMM, -3.68% shed 3.68% to $96.99 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -0.73% falling 0.73% to 4,115.24 and Dow Jones Industrial Average DJIA, -0.77% falling 0.77% to 32,799.92.
This was the stock’s second consecutive day of losses.
3M Co. closed $55.31 short of its 52-week high ($152.30), which the company reached on August 12th.
The stock underperformed when compared to some of its competitors Wednesday, as Johnson & Johnson JNJ, -0.10% fell 0.10% to $156.66, Honeywell International Inc. HON, -1.60% fell 1.60% to $191.86, and General Electric Co. GE, -0.71% fell 0.71% to $100.98.
Trading volume (4.1 M) eclipsed its 50-day average volume of 3.3 M.