On Thursday, shares of 3M Company (NYSE: MMM) experienced volatile short activity. After the activity, the stock price went up +1.03. to $125.63.
The overall sentiment for MMM has been Bearish.
Good Morning Everyone!
Remember, as bad as things may seem, history is on our side. The average midterm year – like this one – is typically down as of October 5. It finishes, however, up 6% on average.
As of the close of business on Tuesday, 8/30, we captured the Top 10 Highest Short Interest % stocks within the Industrials Sector.
The average short interest for stocks within the Industrials sector stands at 2.65%. Therefore, the below stocks are showing a more pessimistic outlook than their peers within the respective sector.
Someone with a lot of money to spend has taken a bullish stance on 3M (NYSE:MMM).
And retail traders should know.
We noticed this today when the big position showed up on publicly available options history that we track here at Benzinga.
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