The EVP of 3M Company is Exercising Options

By Carrie Williams

Today it was reported that the EVP of 3M Company (MMMResearch Report), Michael Vale, exercised options to sell 8,906 MMM shares at $78.72 a share, for a total transaction value of $1.77M.

Following Michael Vale’s last MMM Sell transaction on February 15, 2017, the stock climbed by 24.6%. In addition to Michael Vale, 5 other MMM executives reported Sell trades in the last month.

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Currently, 3M Company has an average volume of 162. The Company has a Price to Book ratio of 11.6989. MMM’s market cap is $115.2B and the company has a P/E ratio of 22.45.

Based on 10 analyst ratings, the analyst consensus is Hold with an average price target of $200.67, reflecting a 0.4% upside.

In the last 30 days, insiders have sold $5.58M worth of MMM shares and purchased $1.04M worth of MMM shares.

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