3M (NYSE:MMM) gets little to show for busy Friday with small weekly gain before holiday
3M Company finished the week with a slight gain, though Friday’s numbers didn’t look as strong as the weekly move. Shares dropped 2.36% to $164.01 after opening at $167.16 and topping out at $167.80. MarketWatch reported volume at 6.33 million shares, running 168% of the 65-day average. In after-hours trading, 3M bounced 1.12% to $165.85 on 1.01 million shares. Dow math is what index investors watch. In the Dow Jones Industrial Average, every $1 move in a stock works out to roughly 6.16 index points. 3M fell $3.96 on Friday—knocking about 24 points off the Dow, which lost 44.51 points total for the day. So 3M made up just over half the Dow’s drop.