3M Company is a United States corporation that provides diversified technology services worldwide in four segments: Safety and Industrial; Transportation and Electronics; Health Care; and Consumer. Its market capitalization is $57.9 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 10.33 currently, company’s revenue (ttm) was $34.23 billion, while the Return on Equity (ttm) was 38.75% and the Return on Assets (ttm) at 7.47%. 3M subsidiary Aearo Technologies motioned on Tuesday the Court of Appeals in Chicago to reverse a bankruptcy court order allowing nearly 260,000 lawsuits over allegedly defective military-issue earplugs to move forward against 3M, even though Aearo is bankrupt. Aearo, which made the combat earplugs, filed for bankruptcy last July, with 3M pledging $1 billion to fund Aearo's liabilities stemming from the lawsuits that accuse both Aearo and 3M of misrepresenting the earplugs' effectiveness, leading to hearing damage. Federal appeals court judges appeared skeptical of 3M's bid to use the bankruptcy of its subsidiary Aearo Technologies to shield itself from lawsuits. The stock price closed down 2.2% over day after 3M's bid announcement. Expected law suit liabilities are bearish for a company stock price.
| Indicator | VALUE | Signal |
|---|
| RSI | | Sell |
| MACD | | Sell |
| Donchian Channel | | Sell |
| MA(200) | | Sell |
| Fractals | | Sell |
| Parabolic SAR | | Sell |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 101.62 |
| Stop loss | Above 105.76 |