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Saint Paul, Minnesota-based 3M Company (MMM) is a diversified technology company with a market cap of $81.4 billion. It develops a wide range of products serving industrial, safety, consumer, and electronics markets.
This industrial company has underperformed the broader market over the past 52 weeks. Shares of MMM have gained marginally over this time frame, while the broader S&P 500 Index ($SPX) has surged 14.3%. Moreover, on a YTD basis, the stock is down 4.4%, compared to SPX’s 1.4% uptick.