3M Company (NYSE:MMM) shares are trading lower Monday. The decline in price is part of a broader downtrend in shares of the stock.
What To Know: Shares of 3M are down 15.29% over the past month. The company has had several setbacks during that time, such as the announcement in mid-September that it sees a slow growth environment in 2024. More recently, 3M Belgium announced it is assessing its options for resuming its idled PFAS manufacturing processes. It is also exploring additional options to expedite the discontinuance of PFAS production at its Zwijndrecht facility.
According to data from Benzinga Pro, the stock experienced above-average trading volume of 5.88 million shares on Monday compared to its average volume of 3.63 million.
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MMM Price Action: Share of MMM were down 3.68% at $90.17 at the time of publication, according to Benzinga Pro.
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