3M (MMM) Offering Possible 9.89% Return Over the Next 14 Calendar Days

3M's most recent trend suggests a bearish bias. One trading opportunity on 3M is a Bear Call Spread using a strike $162.50 short call and a strike $167.50 long call offers a potential 9.89% return on risk over the next 14 calendar days. Maximum profit would be generated if the Bear Call Spread were to expire worthless, which would occur if the stock were below $162.50 by expiration. The full premium credit of $0.45 would be kept by the premium seller. The risk of $4.55 would be incurred if the stock rose above the $167.50 long call strike price.

The 5-day moving average is moving up which suggests that the short-term momentum for 3M is bullish and the probability of a rise in share price is higher if the stock starts trending.

The 20-day moving average is moving down which suggests that the medium-term momentum for 3M is bearish.

The RSI indicator is at 24.29 level which suggests that the stock is neither overbought nor oversold at this time.

To learn how to execute such a strategy while accounting for risk and reward in the context of smart portfolio management, and see how to trade live with a successful professional trader, view more here

LATEST NEWS for 3M

PHM Netherlands Midco B.V. — Moody's affirms PHM Netherland's B3 CFR, rates acquisition financing; outlook is stable
Wed, 05 Feb 2020 21:32:10 +0000
Moody's Investors Service, (“Moody's”) affirmed the B3 Corporate Family Rating and B3-PD Probability of Default Rating of PHM Netherlands Midco B.V., doing business as Loparex. Moody's also affirmed all instrument ratings and assigned a B2 rating to the $207 million EURO equivalent proposed first lien term loan, which together with a $45 million HoldCo PIK loan will be used to reinance the equity bridge that funded the purchase of Infiana Group Gmbh and to combine both companies.

3M's (MMM) Board Okays 2% Hike in Quarterly Dividend Rate
Wed, 05 Feb 2020 15:49:03 +0000
3M (MMM) adds shareholder value with 2% hike in its quarterly dividend rate. This underpins the company's solid cash position.

3M Increases Dividend for the 62nd Consecutive Year
Tue, 04 Feb 2020 22:51:00 +0000
The 3M Board of Directors (NYSE:MMM) today declared a dividend on the company’s common stock of $1.47 per share for the first quarter of 2020, an increase of 2 percent over the quarterly dividend paid in 2019. The dividend is payable March 12, 2020, to shareholders of record at the close of business on Feb. 14, 2020.

Coronavirus aid: UPS teams with Georgia nonprofits; Emory University testing antiviral drug
Mon, 03 Feb 2020 19:20:36 +0000
UPS joined the ranks of companies partnering to help combat spread of the coronavirus in Wuhan, China. United Parcel Service Inc.'s UPS Foundation teaming with Georgia-based nonprofit health organizations MAP International and MedShare to transport more than two million respirator masks, 11,000 protective coveralls and 280,000 pairs of nitrile gloves to China. UPS coordinated the humanitarian flight through the Red Cross Society of China.

WRAPUP 11-China facing global isolation as virus toll rises
Sat, 01 Feb 2020 02:24:52 +0000
China faced mounting isolation in the face of increasing international travel curbs and flight suspensions on Saturday, as the death toll from a spreading coronavirus outbreak rose to 259. China's National Health Commission said there were 2,102 new confirmed infections in China as of Friday, bringing the total to 11,791. All of the reported deaths from the virus have been in China.

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