3M Down Over 10%, on Pace for Largest Percent Decrease Since October 1987 -- Data Talk
April 25 2019 - 10:46AM
Dow Jones News
3M Co. (MMM) is currently at $196.11, down $22.97 or 10.48%
-- Would be lowest close since Jan. 28, 2019, when it closed at
$193.20
-- On pace for largest percent decrease since Oct. 19, 1987,
when it fell 25.98%
-- Earlier Thursday, 3M announced it would cut 2,000 jobs
world-wide as part of a restructuring. The company also lowered its
adjusted profit outlook for 2019, guiding earnings between $9.25 a
share and $9.75 a share. The company had expected earnings between
$10.45 a share and $10.90 a share. Analysts polled by Refinitiv are
expecting $10.52 a share
-- Currently down three of the past four days
-- Worst two day stretch since the two days ending Oct. 9, 2008,
when it fell 10.79%
-- Down 5.62% month-to-date; on pace for worst month since
December 2018 when it fell 8.36%
-- Down 24.17% from its all-time closing high of $258.63 on Jan.
26, 2018
-- Down 0.50% from 52 weeks ago (April 26, 2018), when it closed
at $197.09
-- Down 10.66% from its 52 week closing high of $219.50 on April
23, 2019
-- Traded as low as $195.00; lowest intraday level since Jan.
30, 2019, when it hit $194.63
-- Down 10.99% at today's intraday low; largest intraday percent
decrease since May 6, 2010, when it fell as much as 21.49%
-- Worst performer in the DJIA today
-- Second worst performer in the S&P 500 today
-- Subtracted 155.75 points from the DJIA so far today
All data as of 10:05:57 AM
Source: Dow Jones Market Data, FactSet
(END) Dow Jones Newswires
April 25, 2019 10:31 ET (14:31 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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