3M (NYSE:MMM) Stock, Quote.Headers.trade-ideas

3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.

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Investors are anticipating the first cut to the federal funds rate in over four years at the September FOMC meeting. The market is divided on the magnitude of the cut, which could trigger significant reactions. Goldman Sachs data reveals the top S&amp;P 500 stocks to watch during Fed easing cycles.

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Investors are on edge in the lead-up to the Wednesday Federal Open Market Committee interest rate decision that is expected to deliver the first cut to the federal funds rate <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/09/40921827/fed-decision-is-here-5-things-investors-need-to-know-ahead-of-wednesdays-pivotal-in">in over four years.</a>
The market is divided on the magnitude of the anticipated rate cut. Traders are assigning a 59% probability to a 50-basis-point cut, while a 41% chance is placed on a more modest 25-basis-point reduction. The size of the rate cut is crucial as it could trigger significant market reactions.
Should the Fed opt for a 50-basis-point cut, it may be perceived as an acknowledgment that interest rates are overly restrictive. This could lead to increased expectations for further rate cuts in the coming months, potentially fueling risk sentiment and driving stock prices higher.
Conversely, a 25-basis-point cut might disappoint investors who are betting on a more aggressive measure.
Since the start of 2022, the S&amp;P 500, tracked by the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>), has experienced an average move of plus or minus 1.3% during FOMC events, reflecting the market&#8217;s high sensitivity to Fed policy decisions.
Goldman Sachs equity analysts, including John Marshall, analyzed stock movements during the first rate cuts in the previous three Fed easing cycles (Sept. 18, 2007, July 31, 2019 and March 3, 2020).
The data highlights the average moves of several key S&amp;P 500 stocks with liquid options during these periods.
<figure class="wp-block-table is-style-stripes"> 
<table>
<thead>
<tr>
<th>Rank</th>
<th>Name</th>
<th>Absolute Average Move</th>
</tr>
</thead>
<tbody>
<tr>
<td>1</td>
<td>Caesars Entertainment Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CZR#NASDAQ">CZR</a>)</td>
<td>5.9%</td>
</tr>
<tr>
<td>2</td>
<td>Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>5.5%</td>
</tr>
<tr>
<td>3</td>
<td>Capital One Financial Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COF#NYSE">COF</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>4</td>
<td>Charles Schwab Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SCHW#NYSE">SCHW</a>)</td>
<td>4.6%</td>
</tr>
<tr>
<td>5</td>
<td>Mastercard Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MA#NYSE">MA</a>)</td>
<td>4.5%</td>
</tr>
<tr>
<td>6</td>
<td>Fortinet Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTNT#NASDAQ">FTNT</a>)</td>
<td>4.3%</td>
</tr>
<tr>
<td>7</td>
<td>Marriott International (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MAR#NASDAQ">MAR</a>)</td>
<td>4.2%</td>
</tr>
<tr>
<td>8</td>
<td>American Express Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>)</td>
<td>3.8%</td>
</tr>
<tr>
<td>9</td>
<td>Newmont Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NEM#NYSE">NEM</a>)</td>
<td>3.7%</td>
</tr>
<tr>
<td>10</td>
<td>Deere &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>11</td>
<td>BlackRock Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BLK#NYSE">BLK</a>)</td>
<td>3.6%</td>
</tr>
<tr>
<td>12</td>
<td>Texas Instruments Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>3.5%</td>
</tr>
<tr>
<td>13</td>
<td>3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>)</td>
<td>3.3%</td>
</tr>
<tr>
<td>14</td>
<td>Bank of America Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BAC#NYSE">BAC</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>15</td>
<td>JPMorgan Chase &amp; Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/JPM#NYSE">JPM</a>)</td>
<td>3.2%</td>
</tr>
<tr>
<td>16</td>
<td>Oracle Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ORCL#NYSE">ORCL</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>17</td>
<td>Abbott Laboratories (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ABT#NYSE">ABT</a>)</td>
<td>3.0%</td>
</tr>
<tr>
<td>18</td>
<td>Starbucks Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</td>
<td>2.9%</td>
</tr>
<tr>
<td>19</td>
<td>Visa Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>)</td>
<td>2.7%</td>
</tr>
<tr>
<td>20</td>
<td>Verizon Communications Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VZ#NYSE">VZ</a>)</td>
<td>2.3%</td>
</tr>
</tbody>
</table>
</figure>
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Federal Reserve illustration created using artificial intelligence via MidJourney.

20 S&P 500 Stocks That Move The Most When The Fed Starts Cutting Interest Rates

Whales with a lot of money to spend have taken a noticeably bullish stance on 3M.
Looking at options history for 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) we detected 9 trades.
If we consider the specifics of each trade, it is accurate to state that 44% of the investors opened trades with bullish expectations and 44% with bearish.
From the overall spotted trades, 6 are puts, for a total amount of $349,755 and 3, calls, for a total amount of $281,045.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $145.0 for 3M during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for 3M's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of 3M's whale trades within a strike price range from $125.0 to $145.0 in the last 30 days. 
<h3>3M Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726497937_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$3.75</td>
<td>$3.55</td>
<td>$3.75</td>
<td>$135.00</td>
<td>$96.3K</td>
<td>7.7K</td>
<td style="text-align: right;">270</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$9.45</td>
<td>$9.15</td>
<td>$9.25</td>
<td>$125.00</td>
<td>$92.5K</td>
<td>3.9K</td>
<td style="text-align: right;">116</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$9.2</td>
<td>$9.15</td>
<td>$9.2</td>
<td>$125.00</td>
<td>$92.1K</td>
<td>3.9K</td>
<td style="text-align: right;">216</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$12.25</td>
<td>$11.85</td>
<td>$12.25</td>
<td>$145.00</td>
<td>$67.3K</td>
<td>121</td>
<td style="text-align: right;">140</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$12.35</td>
<td>$12.2</td>
<td>$12.2</td>
<td>$145.00</td>
<td>$67.1K</td>
<td>121</td>
<td style="text-align: right;">140</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
After a thorough review of the options trading surrounding 3M, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Current Position of 3M</h3>
<ul>
<li>Trading volume stands at 522,070, with MMM's price up by 0.95%, positioned at $134.45.</li>
<li>RSI indicators show the stock to be may be approaching overbought.</li>
<li>Earnings announcement expected in 36 days.</li>
</ul>
<h3>Expert Opinions on 3M</h3>
1 market experts have recently issued ratings for this stock, with a consensus target price of $125.0.
<ul>
<li>Reflecting concerns, an analyst from Morgan Stanley lowers its rating to Underweight with a new price target of $125.</li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for 3M, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Options

What the Options Market Tells Us About 3M

Investors with significant funds have taken a bearish position in 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), a development that retail traders should be aware of.
This was brought to our attention today through our monitoring of publicly accessible options data at Benzinga. The exact nature of these investors remains a mystery, but such a major move in MMM usually indicates foreknowledge of upcoming events.
Today, Benzinga's options scanner identified 23 options transactions for 3M. This is an unusual occurrence. The sentiment among these large-scale traders is mixed, with 39% being bullish and 52% bearish. Of all the options we discovered, 22 are puts, valued at $1,115,576, and there was a single call, worth $39,884.
<h3>Expected Price Movements</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $125.0 to $140.0 for 3M during the past quarter. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for 3M's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of 3M's whale activity within a strike price range from $125.0 to $140.0 in the last 30 days. 
<h3>3M Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1726159104_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$1.28</td>
<td>$1.21</td>
<td>$1.23</td>
<td>$125.00</td>
<td>$113.2K</td>
<td>2.7K</td>
<td>1.0K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$0.65</td>
<td>$0.54</td>
<td>$0.55</td>
<td>$126.00</td>
<td>$101.7K</td>
<td>24</td>
<td>1.8K</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$11.55</td>
<td>$10.7</td>
<td>$11.54</td>
<td>$140.00</td>
<td>$63.5K</td>
<td>284</td>
<td>55</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.3</td>
<td>$8.2</td>
<td>$8.22</td>
<td>$135.00</td>
<td>$63.2K</td>
<td>777</td>
<td>897</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$8.3</td>
<td>$8.2</td>
<td>$8.22</td>
<td>$135.00</td>
<td>$63.1K</td>
<td>777</td>
<td>974</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
Following our analysis of the options activities associated with 3M, we pivot to a closer look at the company's own performance.
<h3>Where Is 3M Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,785,969, the MMM's price is up by 0.54%, now at $130.94. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 40 days.</li>
</ul>
<h3>Professional Analyst Ratings for 3M</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $125.0.
<ul>
<li>An analyst from Morgan Stanley has revised its rating downward to Underweight, adjusting the price target to $125. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for 3M, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

3M Options Trading: A Deep Dive into Market Sentiment

Guidance

3M Exec Says Back To Where We Were Pre-Pandemic On Pricing; Expect To Continue To See Price Momentum Going Into Next Year

On CNBC's &#8220;<a href="https://www.cnbc.com/video/2024/09/10/final-trades-3m-visa-medtronic-and-the-sphd.html">Halftime Report Final Trades</a>,&#8221; Joshua Brown of Ritholtz Wealth Management named 3M Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), which <a href="https://www.benzinga.com/quote/MMM/analyst-ratings">recorded gains on Tuesday</a>.
On Sept. 6, Morgan Stanley analyst Chris Snyder initiated coverage on 3M with an Underweight rating and announced a price target of $125.
Kevin Simpson of Capital Wealth Planning said he likes Visa Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>).
On Sept. 4, Compass Point analyst Dominick Gabriele initiated coverage on Visa with a Buy rating and announced a price target of $319.
Don't forget to check out our <a href="https://www.benzinga.com/premarket/">premarket coverage here</a>
Jenny Van Leeuwen Harrington of Gilman Hill Asset Management, LLC said Medtronic plc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MDT#NYSE">MDT</a>) has a 3% dividend yield.
On Aug. 20, Medtronic reported better-than-expected results for its first quarter. The company posted first-quarter 2025 sales of $7.92 billion, beating the consensus of $7.89 billion. The medical device maker reported adjusted EPS of $1.23, beating the consensus of $1.20. Revenue increased 2.8% year over year, as reported, and 5.3% organic.
Liz Young of SoFi named Invesco S&amp;P 500 High Dividend Low Volatility ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPHD#NYSE">SPHD</a>) as her final trade.
Price Action:
<ul>
<li>3M gained 1.3% to close at $130.09 during Tuesday's session.</li>
<li>Visa shares fell 0.1% to settle at $285.34 on Tuesday.</li>
<li>Medtronic shares rose 0.4% to close at $90.99.</li>
<li>Invesco S&amp;P 500 High Dividend Low Volatility ETF rose 0.2% during Tuesday's session.</li>
</ul>
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Photo: Shutterstock

3M, Visa, Medtronic And More On CNBC's 'Final Trades'

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders will search for circumstances when the market estimation of an option diverges heavily from its normal worth. High amounts of trading activity could push option prices to exaggerated or underestimated levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$66.00</td>
<td>$68.0K</td>
<td>827</td>
<td>2.0K</td>
</tr>
<tr>
<td>EOSE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$2.00</td>
<td>$42.2K</td>
<td>2.4K</td>
<td>919</td>
</tr>
<tr>
<td>RUN</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$18.00</td>
<td>$43.6K</td>
<td>3.1K</td>
<td>402</td>
</tr>
<tr>
<td>UPS</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$120.00</td>
<td>$62.0K</td>
<td>3.8K</td>
<td>255</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$140.00</td>
<td>$109.0K</td>
<td>188</td>
<td>242</td>
</tr>
<tr>
<td>RTX</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>02/21/25</td>
<td>$130.00</td>
<td>$26.9K</td>
<td>2.7K</td>
<td>65</td>
</tr>
<tr>
<td>DOV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$180.00</td>
<td>$40.9K</td>
<td>188</td>
<td>51</td>
</tr>
<tr>
<td>CAT</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$300.00</td>
<td>$49.5K</td>
<td>467</td>
<td>47</td>
</tr>
<tr>
<td>WM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/11/24</td>
<td>$215.00</td>
<td>$33.8K</td>
<td>40</td>
<td>40</td>
</tr>
<tr>
<td>CARR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$65.00</td>
<td>$45.9K</td>
<td>80</td>
<td>30</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These bullet-by-bullet explanations have been constructed using the accompanying table. 
• For UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we notice a put option sweep that happens to be bullish, expiring in 11 day(s) on September 20, 2024. This event was a transfer of 2000 contract(s) at a $66.00 strike. This particular put needed to be split into 53 different trades to become filled. The total cost received by the writing party (or parties) was $68.0K, with a price of $34.0 per contract. There were 827 open contracts at this strike prior to today, and today 2002 contract(s) were bought and sold. 
• Regarding EOSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EOSE#NASDAQ">EOSE</a>), we observe a call option sweep with bullish sentiment. It expires in 67 day(s) on November 15, 2024. Parties traded 800 contract(s) at a $2.00 strike. This particular call needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $42.2K, with a price of $52.0 per contract. There were 2489 open contracts at this strike prior to today, and today 919 contract(s) were bought and sold. 
• Regarding RUN (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RUN#NASDAQ">RUN</a>), we observe a put option sweep with bullish sentiment. It expires in 11 day(s) on September 20, 2024. Parties traded 341 contract(s) at a $18.00 strike. This particular put needed to be split into 18 different trades to become filled. The total cost received by the writing party (or parties) was $43.6K, with a price of $128.0 per contract. There were 3142 open contracts at this strike prior to today, and today 402 contract(s) were bought and sold. 
• Regarding UPS (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UPS#NYSE">UPS</a>), we observe a put option sweep with bullish sentiment. It expires in 130 day(s) on January 17, 2025. Parties traded 141 contract(s) at a $120.00 strike. This particular put needed to be split into 5 different trades to become filled. The total cost received by the writing party (or parties) was $62.0K, with a price of $440.0 per contract. There were 3886 open contracts at this strike prior to today, and today 255 contract(s) were bought and sold. 
• For MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we notice a put option sweep that happens to be bearish, expiring in 39 day(s) on October 18, 2024. This event was a transfer of 100 contract(s) at a $140.00 strike. This particular put needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $109.0K, with a price of $1090.0 per contract. There were 188 open contracts at this strike prior to today, and today 242 contract(s) were bought and sold. 
• Regarding RTX (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RTX#NYSE">RTX</a>), we observe a call option sweep with neutral sentiment. It expires in 165 day(s) on February 21, 2025. Parties traded 65 contract(s) at a $130.00 strike. This particular call needed to be split into 6 different trades to become filled. The total cost received by the writing party (or parties) was $26.9K, with a price of $415.0 per contract. There were 2745 open contracts at this strike prior to today, and today 65 contract(s) were bought and sold. 
• Regarding DOV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOV#NYSE">DOV</a>), we observe a call option trade with bearish sentiment. It expires in 67 day(s) on November 15, 2024. Parties traded 50 contract(s) at a $180.00 strike. The total cost received by the writing party (or parties) was $40.9K, with a price of $820.0 per contract. There were 188 open contracts at this strike prior to today, and today 51 contract(s) were bought and sold. 
• Regarding CAT (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CAT#NYSE">CAT</a>), we observe a put option sweep with bearish sentiment. It expires in 284 day(s) on June 20, 2025. Parties traded 30 contract(s) at a $300.00 strike. This particular put needed to be split into 8 different trades to become filled. The total cost received by the writing party (or parties) was $49.5K, with a price of $1650.0 per contract. There were 467 open contracts at this strike prior to today, and today 47 contract(s) were bought and sold. 
• Regarding WM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WM#NYSE">WM</a>), we observe a put option trade with bearish sentiment. It expires in 32 day(s) on October 11, 2024. Parties traded 40 contract(s) at a $215.00 strike. The total cost received by the writing party (or parties) was $33.8K, with a price of $845.0 per contract. There were 40 open contracts at this strike prior to today, and today 40 contract(s) were bought and sold. 
• Regarding CARR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>), we observe a call option trade with bullish sentiment. It expires in 494 day(s) on January 16, 2026. Parties traded 30 contract(s) at a $65.00 strike. The total cost received by the writing party (or parties) was $45.9K, with a price of $1530.0 per contract. There were 80 open contracts at this strike prior to today, and today 30 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more about unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

CARR

EOSE

UBER

10 Industrials Stocks With Whale Alerts In Today's Session

3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) has been analyzed by 10 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts have recently evaluated 3M and provided 12-month price targets. The average target is $129.1, accompanied by a high estimate of $150.00 and a low estimate of $95.00. This upward trend is apparent, with the current average reflecting a 18.76% increase from the previous average price target of $108.71.
<img src="https://www.benzinga.com/files/images/story/2024/1725634836_0.png" alt="price target chart" />
<h2>Diving into Analyst Ratings: An In-Depth Exploration</h2>
The standing of 3M among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Chris Snyder</td>
<td>Morgan Stanley</td>
<td>Announces</td>
<td>Underweight</td>
<td>$125.00</td>
<td>-</td>
</tr>
<tr>
<td>Nicole Deblase</td>
<td>Deutsche Bank</td>
<td>Raises</td>
<td>Buy</td>
<td>$150.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>John Eade</td>
<td>Argus Research</td>
<td>Announces</td>
<td>Buy</td>
<td>$145.00</td>
<td>-</td>
</tr>
<tr>
<td>Andrew Kaplowitz</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Neutral</td>
<td>$133.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$145.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Andrew Obin</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$143.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Deane Dray</td>
<td>RBC Capital</td>
<td>Raises</td>
<td>Underperform</td>
<td>$95.00</td>
<td>$93.00</td>
</tr>
<tr>
<td>Julian Mitchell</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$120.00</td>
<td>$118.00</td>
</tr>
<tr>
<td>Joe O'Dea</td>
<td>Wells Fargo</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$110.00</td>
<td>$100.00</td>
</tr>
<tr>
<td>Nigel Coe</td>
<td>Wolfe Research</td>
<td>Announces</td>
<td>Outperform</td>
<td>$125.00</td>
<td>-</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to 3M. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analyzing trends, analysts offer qualitative evaluations, ranging from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of 3M compared to the broader market.</li>
<li>Price Targets: Understanding forecasts, analysts offer estimates for 3M's future value. Examining the current and prior targets provides insight into analysts' changing expectations.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of 3M's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/MMM/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on 3M analyst ratings.</a>
<h2>Get to Know 3M Better</h2>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
<h3>3M: Delving into Financials</h3>
Market Capitalization Highlights: Above the industry average, the company's market capitalization signifies a significant scale, indicating strong confidence and market prominence.
Negative Revenue Trend: Examining 3M's financials over 3 months reveals challenges. As of 30 June, 2024, the company experienced a decline of approximately -0.45% in revenue growth, reflecting a decrease in top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Industrials sector.
Net Margin: 3M's net margin is impressive, surpassing industry averages. With a net margin of 18.31%, the company demonstrates strong profitability and effective cost management.
Return on Equity (ROE): 3M's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 26.08% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of 2.32%, the company showcases effective utilization of assets.
Debt Management: 3M's debt-to-equity ratio surpasses industry norms, standing at 3.5. This suggests the company carries a substantial amount of debt, posing potential financial challenges.
<h2>The Significance of Analyst Ratings Explained</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Analysts may enhance their evaluations by incorporating forecasts for metrics like growth estimates, earnings, and revenue, delivering additional guidance to investors. It is vital to acknowledge that, although experts in stocks and sectors, analysts are human and express their opinions when providing insights.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Cracking The Code: Understanding Analyst Reviews For 3M

Morgan Stanley analyst Chris Snyder initiates coverage on 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) with a Underweight rating and announces Price Target of $125.

Price Target

Initiation

Morgan Stanley Initiates Coverage On 3M with Underweight Rating, Announces Price Target of $125

Financial giants have made a conspicuous bearish move on 3M. Our analysis of options history for 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) revealed 13 unusual trades.
Delving into the details, we found 38% of traders were bullish, while 53% showed bearish tendencies. Out of all the trades we spotted, 8 were puts, with a value of $1,648,655, and 5 were calls, valued at $170,769.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $110.0 to $150.0 for 3M over the recent three months. 
<h3>Analyzing Volume &amp; Open Interest</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in 3M's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to 3M's substantial trades, within a strike price spectrum from $110.0 to $150.0 over the preceding 30 days.
<h3>3M 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1725477342_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>12/19/25</td>
<td>$18.5</td>
<td>$17.8</td>
<td>$18.5</td>
<td>$140.00</td>
<td>$1.1M</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">600</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$5.4</td>
<td>$5.25</td>
<td>$5.3</td>
<td>$135.00</td>
<td>$159.0K</td>
<td style="text-align: right;">360</td>
<td style="text-align: right;">681</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$25.2</td>
<td>$23.1</td>
<td>$25.2</td>
<td>$150.00</td>
<td>$131.0K</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$10.4</td>
<td>$10.05</td>
<td>$10.34</td>
<td>$140.00</td>
<td>$50.6K</td>
<td style="text-align: right;">93</td>
<td style="text-align: right;">99</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$10.35</td>
<td>$10.05</td>
<td>$10.32</td>
<td>$140.00</td>
<td>$50.5K</td>
<td style="text-align: right;">93</td>
<td style="text-align: right;">148</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
In light of the recent options history for 3M, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of 3M</h3>
<ul>
<li>Currently trading with a volume of 1,898,650, the MMM's price is up by 0.55%, now at $131.57. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 48 days.</li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest 3M options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

The small, thin shims are used in demanding applications such as automotive, wind energy, and aerospace
ST. PAUL, Minn., Sept. 4, 2024 /PRNewswire/ --&nbsp;<a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4245428-1&amp;h=437008313&amp;u=https%3A%2F%2Fwww.3m.com%2F3M%2Fen_US%2Fp%2Fc%2Fadvanced-materials%2Fceramics%2Ffriction-shims%2F&amp;a=3M%E2%84%A2+Friction+Shims">3M&#x2122; Friction Shims</a> are small, thin steel shims with a big impact. They can increase maximum load and peak torque in bolted connections without additional fasteners or redesigns. &nbsp;3M is excited to announce that it has now made and sold more than 300 million Friction Shims worldwide.

Global

3M Has Made And Sold More Than 300M Friction Shims Worldwide

WIIM

ATMU

BLDR

FTAI

GTES

HAYW

Shares of companies in the broader industrial sector are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.

Whales with a lot of money to spend have taken a noticeably bullish stance on 3M.
Looking at options history for 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) we detected 10 trades.
If we consider the specifics of each trade, it is accurate to state that 40% of the investors opened trades with bullish expectations and 40% with bearish.
From the overall spotted trades, 7 are puts, for a total amount of $307,623 and 3, calls, for a total amount of $211,035.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $130.0 to $150.0 for 3M during the past quarter. 
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is a powerful move while trading options. This data can help you track the liquidity and interest for 3M's options for a given strike price. Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of 3M's whale trades within a strike price range from $130.0 to $150.0 in the last 30 days. 
<h3>3M Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724960927_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$8.05</td>
<td>$8.05</td>
<td>$8.05</td>
<td>$135.00</td>
<td>$120.7K</td>
<td>1.7K</td>
<td style="text-align: right;">165</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$13.4</td>
<td>$13.15</td>
<td>$13.4</td>
<td>$145.00</td>
<td>$52.2K</td>
<td>86</td>
<td style="text-align: right;">76</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$13.5</td>
<td>$13.05</td>
<td>$13.39</td>
<td>$145.00</td>
<td>$50.8K</td>
<td>86</td>
<td style="text-align: right;">152</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$13.45</td>
<td>$13.15</td>
<td>$13.33</td>
<td>$145.00</td>
<td>$49.3K</td>
<td>86</td>
<td style="text-align: right;">37</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>11/15/24</td>
<td>$13.5</td>
<td>$12.7</td>
<td>$13.34</td>
<td>$145.00</td>
<td>$48.5K</td>
<td>86</td>
<td style="text-align: right;">114</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
In light of the recent options history for 3M, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>3M's Current Market Status</h3>
<ul>
<li>With a trading volume of 1,907,392, the price of MMM is up by 0.92%, reaching $132.82.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 54 days from now.</li>
</ul>
<h3>What The Experts Say On 3M</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $150.0.
<ul>
<li>An analyst from Deutsche Bank has elevated its stance to Buy, setting a new price target at $150. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest 3M options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Unpacking the Latest Options Trading Trends in 3M

This whale alert can help traders discover the next big trading opportunities.
Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scanner.
Traders often look for circumstances when the market estimation of an option diverges away from its normal worth. Abnormal amounts of trading activity could push option prices to hyperbolic or underperforming levels. 
Here's the list of options activity happening in today's session: 
<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>LUV</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$30.00</td>
<td>$30.0K</td>
<td>41.1K</td>
<td>6.6K</td>
</tr>
<tr>
<td>BA</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/17/25</td>
<td>$200.00</td>
<td>$28.2K</td>
<td>6.7K</td>
<td>292</td>
</tr>
<tr>
<td>SPXC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>10/18/24</td>
<td>$165.00</td>
<td>$40.0K</td>
<td>0</td>
<td>100</td>
</tr>
<tr>
<td>GE</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$170.00</td>
<td>$28.1K</td>
<td>2.0K</td>
<td>96</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>06/20/25</td>
<td>$145.00</td>
<td>$31.9K</td>
<td>210</td>
<td>63</td>
</tr>
<tr>
<td>UBER</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/17/25</td>
<td>$90.00</td>
<td>$89.0K</td>
<td>596</td>
<td>50</td>
</tr>
<tr>
<td>MSM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>03/21/25</td>
<td>$85.00</td>
<td>$33.6K</td>
<td>93</td>
<td>45</td>
</tr>
<tr>
<td>DE</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$380.00</td>
<td>$25.3K</td>
<td>59</td>
<td>28</td>
</tr>
<tr>
<td>EMR</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$90.00</td>
<td>$45.2K</td>
<td>157</td>
<td>20</td>
</tr>
<tr>
<td>NOC</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$210.00</td>
<td>$30.4K</td>
<td>3</td>
<td>1</td>
</tr>
</tbody>
</table>

<h2>Explanation</h2>
These itemized elaborations have been created using the accompanying table. 
• Regarding LUV (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>), we observe a call option trade with bullish sentiment. It expires in 24 day(s) on September 20, 2024. Parties traded 500 contract(s) at a $30.00 strike. The total cost received by the writing party (or parties) was $30.0K, with a price of $60.0 per contract. There were 41193 open contracts at this strike prior to today, and today 6619 contract(s) were bought and sold. 
• Regarding BA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>), we observe a call option trade with bullish sentiment. It expires in 143 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $200.00 strike. The total cost received by the writing party (or parties) was $28.2K, with a price of $565.0 per contract. There were 6739 open contracts at this strike prior to today, and today 292 contract(s) were bought and sold. 
• For SPXC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPXC#NYSE">SPXC</a>), we notice a call option trade that happens to be bearish, expiring in 52 day(s) on October 18, 2024. This event was a transfer of 100 contract(s) at a $165.00 strike. The total cost received by the writing party (or parties) was $40.0K, with a price of $400.0 per contract. There were 0 open contracts at this strike prior to today, and today 100 contract(s) were bought and sold. 
• For GE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>), we notice a put option sweep that happens to be bearish, expiring in 24 day(s) on September 20, 2024. This event was a transfer of 73 contract(s) at a $170.00 strike. This particular put needed to be split into 7 different trades to become filled. The total cost received by the writing party (or parties) was $28.1K, with a price of $385.0 per contract. There were 2081 open contracts at this strike prior to today, and today 96 contract(s) were bought and sold. 
• For MMM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), we notice a call option trade that happens to be neutral, expiring in 297 day(s) on June 20, 2025. This event was a transfer of 40 contract(s) at a $145.00 strike. The total cost received by the writing party (or parties) was $31.9K, with a price of $798.0 per contract. There were 210 open contracts at this strike prior to today, and today 63 contract(s) were bought and sold. 
• Regarding UBER (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/UBER#NYSE">UBER</a>), we observe a put option trade with bearish sentiment. It expires in 143 day(s) on January 17, 2025. Parties traded 50 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $89.0K, with a price of $1780.0 per contract. There were 596 open contracts at this strike prior to today, and today 50 contract(s) were bought and sold. 
• Regarding MSM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MSM#NYSE">MSM</a>), we observe a call option sweep with bearish sentiment. It expires in 206 day(s) on March 21, 2025. Parties traded 66 contract(s) at a $85.00 strike. This particular call needed to be split into 20 different trades to become filled. The total cost received by the writing party (or parties) was $33.6K, with a price of $510.0 per contract. There were 93 open contracts at this strike prior to today, and today 45 contract(s) were bought and sold. 
• For DE (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), we notice a call option sweep that happens to be bullish, expiring in 297 day(s) on June 20, 2025. This event was a transfer of 7 contract(s) at a $380.00 strike. This particular call needed to be split into 3 different trades to become filled. The total cost received by the writing party (or parties) was $25.3K, with a price of $3629.0 per contract. There were 59 open contracts at this strike prior to today, and today 28 contract(s) were bought and sold. 
• Regarding EMR (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EMR#NYSE">EMR</a>), we observe a call option trade with bullish sentiment. It expires in 507 day(s) on January 16, 2026. Parties traded 20 contract(s) at a $90.00 strike. The total cost received by the writing party (or parties) was $45.2K, with a price of $2260.0 per contract. There were 157 open contracts at this strike prior to today, and today 20 contract(s) were bought and sold. 
• For NOC (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NOC#NYSE">NOC</a>), we notice a call option trade that happens to be bearish, expiring in 507 day(s) on January 16, 2026. This event was a transfer of 1 contract(s) at a $210.00 strike. The total cost received by the writing party (or parties) was $30.4K, with a price of $30490.0 per contract. There were 3 open contracts at this strike prior to today, and today 1 contract(s) were bought and sold. 
Options Alert Terminology 
 - Call Contracts: The right to buy shares as indicated in the contract. 
 - Put Contracts: The right to sell shares as indicated in the contract. 
 - Expiration Date: When the contract expires. One must act on the contract by this date if one wants to use it. 
 - Premium/Option Price: The price of the contract. 
For more information, visit our <a href="https://pro.benzinga.com/blog/how-to-understand-option-alerts/">Guide to Understanding Options Alerts</a> or read <a href="https://www.benzinga.com/markets/options">more news on unusual options activity</a>. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

SPXC

10 Industrials Stocks Whale Activity In Today's Session

Financial giants have made a conspicuous bullish move on 3M. Our analysis of options history for 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) revealed 14 unusual trades.
Delving into the details, we found 35% of traders were bullish, while 35% showed bearish tendencies. Out of all the trades we spotted, 6 were puts, with a value of $280,881, and 8 were calls, valued at $451,427.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $120.0 and $140.0 for 3M, spanning the last three months.
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for 3M options trades today is 3010.75 with a total volume of 7,089.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for 3M's big money trades within a strike price range of $120.0 to $140.0 over the last 30 days.
<h3>3M Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724698841_0.png" alt="Options Call Chart" />
<h3>Noteworthy Options Activity:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$1.32</td>
<td>$1.25</td>
<td>$1.25</td>
<td>$135.00</td>
<td>$125.0K</td>
<td>16.5K</td>
<td>1.2K</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$11.75</td>
<td>$11.4</td>
<td>$11.63</td>
<td>$120.00</td>
<td>$93.0K</td>
<td>1.9K</td>
<td>864</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>NEUTRAL</td>
<td>09/20/24</td>
<td>$7.25</td>
<td>$7.05</td>
<td>$7.15</td>
<td>$125.00</td>
<td>$57.2K</td>
<td>4.2K</td>
<td>888</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>10/04/24</td>
<td>$5.8</td>
<td>$5.4</td>
<td>$5.4</td>
<td>$128.00</td>
<td>$54.2K</td>
<td>100</td>
<td>100</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$11.1</td>
<td>$10.8</td>
<td>$11.05</td>
<td>$140.00</td>
<td>$50.7K</td>
<td>7</td>
<td>138</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
In light of the recent options history for 3M, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Current Position of 3M</h3>
<ul>
<li>With a trading volume of 2,320,590, the price of MMM is up by 0.85%, reaching $130.96.</li>
<li>Current RSI values indicate that the stock is may be approaching overbought.</li>
<li>Next earnings report is scheduled for 57 days from now.</li>
</ul>
<h3>What Analysts Are Saying About 3M</h3>
Over the past month, 5 industry analysts have shared their insights on this stock, proposing an average target price of $133.6.
<ul>
<li>In a positive move, an analyst from Deutsche Bank has upgraded their rating to Buy and adjusted the price target to $150. </li>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Underperform rating on 3M with a target price of $95. </li>
<li>Consistent in their evaluation, an analyst from Citigroup keeps a Neutral rating on 3M with a target price of $133. </li>
<li>In a positive move, an analyst from Argus Research has upgraded their rating to Buy and adjusted the price target to $145. </li>
<li>Consistent in their evaluation, an analyst from Barclays keeps a Overweight rating on 3M with a target price of $145. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for 3M, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Honeywell International Inc. (NASDAQ: <a class="ticker" href="https://www.benzinga.com/stock/hon#NASDAQ">HON</a>) is experiencing strength in its commercial aviation aftermarket business driven by solid demand in the air transport and business aviation markets. Also, strength in the company&#39;s commercial aviation original equipment business, backed by an improvement in build rates and an increase in air transport hours, has been favorable.
In the quarters ahead, it expects the Aerospace segment to benefit from strong demand in commercial aviation, growth in air transport flight hours and higher chipset deliveries. Strength in its defense and space business, owing to stable U.S. and international defense spending volumes and sustained demand from the current geopolitical climate, is also likely to be beneficial.
Solid demand for its products and solutions, led by increasing building projects, will likely be beneficial for the Building Automation segment. Strength in the advanced materials business, driven by higher demand for fluorine products, bodes well for the Energy and Sustainability Solutions segment.
The company has been strengthening its business through acquisitions. Acquisitions had a positive impact of 1% on sales growth in the second quarter. In July 2024, it inked a deal to acquire Air Products&#39; liquefied natural gas process technology and equipment business for $1.81 billion in cash. Subject to regulatory approvals and customary closing conditions, the acquisition is expected to close before the end of 2024.
In June 2024, Honeywell inked a deal to acquire CAES Systems Holdings LLC from private equity firm Advent. The transaction will augment its defense technology offerings across various domains, including land, sea, air and space. Subject to regulatory approvals and customary closing conditions, the acquisition is expected to close by the second half of 2024. In the same month, Honeywell acquired Carrier&#39;s Global Access Solutions business for an all-cash deal of $4.95 billion. The inclusion of Global Access Solutions&#39; expertise in advanced access and security solutions, coupled with its impressive growth and margin profile, will enable Honeywell to expand its security products portfolio and boost its building automation segment.
The company inked a deal to purchase Civitanavi Systems S.p.A. for about &euro;200 million ($217 million) to boost its portfolio of aerospace navigation solutions in March 2024. With the buyout, Honeywell expects to strengthen its foothold in the European Union. Management expects the transaction to be completed in third-quarter 2024, subject to the fulfillment of certain customary closing conditions.
In August 2023, the company acquired SCADAfence, a provider of operational technology (OT) and Internet of Things cybersecurity solutions. The acquisition will expand Honeywell&#39;s OT cybersecurity portfolio in Tel Aviv, Israel, while simultaneously fortifying its existing capabilities in cybersecurity, thus offering customers enhanced security, reliability and efficiency. SCADAfence has been integrated into the Honeywell Forge Cybersecurity+ suite within Honeywell Connected Enterprise.
Honeywell remains committed to rewarding its shareholders handsomely through dividend payments and share buybacks. In September 2023, HON hiked its quarterly dividend by approximately 5% to $1.08 per share (annually&nbsp;$4.32). This marks its 14th consecutive dividend hike since 2010. In the first six months of 2024, it paid out dividends of $1.4 billion and repurchased shares worth $1.2 billion. Strong free cash flow generation supports the company&#39;s shareholder-friendly activities. Honeywell expects free cash flow to be in the range of $5.5-$5.9 billion for 2024.
In the past year, this Zacks Rank #3 (Hold) company&#39;s shares gained 8.1% compared with the industry&#39;s 17.6% growth.
<img alt="Zacks Investment Research" src="https://staticx-tuner.zacks.com/images/articles/charts/c5/74934.jpg?v=101758204" />
Image Source: Zacks Investment Research
However, Honeywell has been witnessing weakness in the Industrial Automation segment. Weakness in the warehouse and workflow solutions businesses, due to lower demand for projects, has been affecting the segment&#39;s performance. Also, the weakened demand for personal protective equipment within the sensing and safety technologies business is worrisome. Continued softness in the warehouse automation business, owing to lower investments in the market, remains a concern for the segment.
Honeywell&#39;s long-term debt in the last five years (2019-2023) witnessed a CAGR of 8.3%. At the end of the second quarter, the company&#39;s long-term debt was $20.9 billion, higher than $16.6 billion at 2023-end. The increase in its debt level was primarily attributable to the funds raised for the Global Access Solutions acquisition. Considering its high debt level, its cash and cash equivalents of $9.6 billion do not look impressive.
Honeywell stock looks more leveraged than the industry. Its debt/capital ratio is currently 0.61, higher than 0.32 of the industry.&nbsp; Also, interest expenses and other financial charges in the second quarter remained high at $250 million. Exiting the second quarter, its long-term debt and current maturities totaled $23.4 billion. High debt levels can increase its financial obligations and prove detrimental to profitability in the quarters ahead.
<h3>Stocks to Consider</h3>
Some better-ranked companies are discussed below.
3M Company (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/mmm#NYSE">MMM</a>) currently carries a Zacks Rank #2 (Buy).
MMM delivered a trailing four-quarter average earnings surprise of 12.6%. In the past 60 days, the Zacks Consensus Estimate for 3M&#39;s 2024 earnings has increased 1.6%.
Federal Signal Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/fss#NYSE">FSS</a>) presently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 12.3%.
In the past 60 days, the consensus estimate for FSS&#39;s 2024 earnings has increased 5.2%.
Unisys Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/uis#NYSE">UIS</a>) currently sports a Zacks Rank of 1. UIS delivered a trailing four-quarter average earnings surprise of 87.7%.
In the past 60 days, the Zacks Consensus Estimate for Unisys&#39; 2024 earnings has increased more than 100%.
<a href="https://www.zacks.com/stock/news/2325262/honeywell-hon-boasts-strong-prospects-despite-headwinds?cid=CS-BENZ-FT-analyst_blog|zer_report_update-2325262">To read this article on Zacks.com click here.</a>

Scotch Tape maker 3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>) is on a roll.
The St. Paul, Minnesota-based company clocked a fresh 52-week high of $129.99 during Wednesday trading. 3M stock has seen a phenomenal 40.20% gain year-to-date, a hefty 56.56% rise over the past year and a solid 22.84% jump in the <a href="https://www.benzinga.com/quote/MMM/news">last month alone</a>.
But, is the rally sustainable? Let&#8217;s take a look at what the charts have to say.
<h2 class="wp-block-heading">Bullish Technicals Fueling The Rally In 3M Stock</h2>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22103116/Screenshot-2024-08-22-at-7.56.24-PM.png" alt="" class="wp-image-508848" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22103116/Screenshot-2024-08-22-at-7.56.24-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22103116/Screenshot-2024-08-22-at-7.56.24-PM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
3M's technical indicators are signaling a strong bullish trend:
<ul>
<li>Eight-Day SMA: The stock is trading above its eight-day simple moving average of $127.36, suggesting a strong bullish signal.</li>
<li>20-Day SMA: At $126.11, the stock&#8217;s price comfortably above this moving average further confirms bullish momentum.</li>
<li>50-Day SMA: With a price of $129.11 versus a 50-day SMA of $111.86, the trend remains robustly positive.</li>
<li>200-Day SMA: The stock's price well above the 200-day SMA of $93.78 continues to reinforce the bullish outlook.</li>
</ul>
Read Also: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/08/40493585/why-arkk-stalled-as-qqq-took-off-harsh-lessons-over-past-5-years">Why ARKK Stalled As QQQ Took Off: Harsh Lessons Over Past 5 Years</a>
<figure class="wp-block-image size-full"><a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="631" height="457" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22103122/Screenshot-2024-08-22-at-7.55.58-PM.png" alt="" class="wp-image-508850" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22103122/Screenshot-2024-08-22-at-7.55.58-PM.png 631w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/08/22103122/Screenshot-2024-08-22-at-7.55.58-PM-300x217.png 300w" sizes="(max-width: 631px) 100vw, 631px" /></a></figure>
<a href="https://bzresearch.myclickfunnels.com/benzinga-pro-content-webinar-registration/?utm_source=BZprocontent082224&amp;t=be2bearmibe3na1">Chart created using Benzinga Pro</a>
The Moving Average Convergence Divergence (MACD) indicator is showing a strong bullish signal at 4.85, supporting the overall positive trend. 
Meanwhile, the Bollinger Bands (25), ranging from $103.79 to $139.60, have the stock trading within the upper bullish band — indicating bullishness. This aligns with the stock&#8217;s recent performance.
<h2 class="wp-block-heading">Caution: Overbought Concerns</h2>
Despite the bullish signals, 3M's Relative Strength Index (RSI) is at 73.20, placing the stock in overbought territory. This suggests that while the stock has performed exceptionally well, it might be ripe for a correction or a period of consolidation.
3M's stock is hitting new highs, driven by strong technical indicators and bullish moving averages. 
However, with the RSI indicating overbought conditions, investors should be mindful of potential short-term adjustments.
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</ul>
Image: Shutterstock

Technicals

3M Stock Hits 52-Week High, But Enters Overbought Territory

Investors with a lot of money to spend have taken a bullish stance on 3M (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with MMM, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 9 options trades for 3M.
This isn't normal.
The overall sentiment of these big-money traders is split between 77% bullish and 11%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $35,475, and 8, calls, for a total amount of $354,335.
<h3>Projected Price Targets</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $90.0 to $145.0 for 3M over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in 3M's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to 3M's substantial trades, within a strike price spectrum from $90.0 to $145.0 over the preceding 30 days.
<h3>3M Call and Put Volume: 30-Day Overview</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1724186800_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$1.73</td>
<td>$1.7</td>
<td>$1.73</td>
<td>$130.00</td>
<td>$86.5K</td>
<td>3.3K</td>
<td style="text-align: right;">674</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$40.2</td>
<td>$39.65</td>
<td>$40.0</td>
<td>$90.00</td>
<td>$80.0K</td>
<td>19</td>
<td style="text-align: right;">20</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/27/24</td>
<td>$3.65</td>
<td>$3.5</td>
<td>$3.65</td>
<td>$127.00</td>
<td>$36.5K</td>
<td>17</td>
<td style="text-align: right;">105</td>
</tr>
<tr>
<td>MMM</td>
<td>PUT</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>06/20/25</td>
<td>$6.45</td>
<td>$6.1</td>
<td>$6.45</td>
<td>$115.00</td>
<td>$35.4K</td>
<td>182</td>
<td style="text-align: right;">61</td>
</tr>
<tr>
<td>MMM</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>06/20/25</td>
<td>$6.45</td>
<td>$6.4</td>
<td>$6.4</td>
<td>$145.00</td>
<td>$35.2K</td>
<td>168</td>
<td style="text-align: right;">52</td>
</tr>
</tbody>
</table>

<h3>About 3M</h3>
3M, a multinational conglomerate founded in 1902, sells tens of thousands of products ranging from sponges to respirators. The firm is well known for its extensive research and development capabilities, and it is a pioneer in inventing new use cases for its proprietary technologies. 3M is organized across three business segments: safety and industrial (representing around 44% of revenue), transportation and electronics (36%), and consumer (20%). The firm recently spun off its healthcare business, now known as Solventum. Nearly half of 3M's revenue comes from outside the Americas.
Having examined the options trading patterns of 3M, our attention now turns directly to the company. This shift allows us to delve into its present market position and performance
<h3>Where Is 3M Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 2,769,523, the MMM's price is up by 0.63%, now at $127.88. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 63 days.</li>
</ul>
<h3>What Analysts Are Saying About 3M</h3>
A total of 5 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $135.6.
<ul>
<li>Consistent in their evaluation, an analyst from RBC Capital keeps a Underperform rating on 3M with a target price of $95. </li>
<li>An analyst from Argus Research has elevated its stance to Buy, setting a new price target at $145. </li>
<li>An analyst from Barclays persists with their Overweight rating on 3M, maintaining a target price of $145. </li>
<li>An analyst from B of A Securities persists with their Buy rating on 3M, maintaining a target price of $143. </li>
<li>Showing optimism, an analyst from Deutsche Bank upgrades its rating to Buy with a revised price target of $150. </li>
</ul>
Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.
If you want to stay updated on the latest options trades for 3M, <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> gives you real-time options trades alerts.

Live On CNBC, Josh Brown Says 3M About To Break Out On Segment Called "The Bull Case For 3M"

SNAP

UTHR

VNOM

VSTS

Soros Fund Management Q2 2024 13F Shows Exited 1.36M Vestis Shares, 251.8K Freeport-McMoRan Shares, 30.6K Micron Shares, 1.4M Snap Shares, 313.85K Viper Energy Shares, 16.9K NextEra Energy Shares, 1.05K United Therapeutics Shares, And 50K 3M Shares

The battered tech sector continued to suffer on Monday as <a href="https://www.benzinga.com//node/40167312">a global sell-off of stocks and other assets</a> pulled markets towards bear territory.
A slight uptick in U.S. unemployment, published on Friday, <a href="https://www.benzinga.com/news/large-cap/24/08/40131214/market-turmoil-july-jobs-report-geopolitical-risks-spark-stock-sell-off-as-traders-flee-to-treasur">reignited fears of a recession that rippled across the globe</a>. Some indices saw historical drops, including Japan's Nikkei 225 stock index, <a href="https://www.benzinga.com/markets/asia/24/08/40156460/bloodbath-in-asia-and-europe-japans-index-crashes-13-gold-near-record-highs-global-markets-update-wh">which dropped more than 13.4% at its lowest point on Monday</a>.
The Nasdaq Composite has been the worst affected among the main U.S. averages.
Some Saw It Coming: The correction <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/07/39676340/market-correction-highly-likely-before-2024-election-says-morgan-stanley-cio">had been anticipated by several analysts</a> for at least a month before the downturn began. Wedbush's Daniel Ives minimized the panic, calling the sell-off <a href="https://www.benzinga.com/analyst-ratings/analyst-color/24/08/40151107/tech-sell-off-takes-qqq-to-correction-territory-nvidia-sheds-over-5-for-week-analys">"just a white knuckle moment in a multi-year bull run for tech stocks</a>."
Ives and other pundits have argued against <a href="https://www.benzinga.com/markets/equities/24/08/40165496/what-are-stock-bubbles-and-when-do-they-burst-what-to-know-as-nvidia-tech-sector-sink#google_vignette">fears of a market bubble bursting around AI-oriented stocks</a>.
Tesla Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) CEO Elon Musk has said that renowned investors like Warren Buffett <a href="https://www.benzinga.com/news/24/08/40152088/elon-musk-says-warren-buffett-is-clearly-expecting-a-correction-after-berkshire-sold-nearly-half-of">were "clearly expecting a correction</a>." Tesla stock is down over 3% on Monday at the time of this writing, with the EV maker losing over 13% in the past five trading days.
On Monday, Buffett's Berkshire Hathaway Inc Class B (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) <a href="https://www.benzinga.com/top-stories/24/08/40165638/warren-buffetts-apple-sell-off-echoes-chevron-move-what-it-means-for-investors">got rid of half its stake in </a>Apple Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>), causing the tech giant to lose almost 10% of its value after the market bell rang on Monday morning. The company quickly recovered throughout the day, and is down 5.5% on an intraday basis at the time of writing.
<ul>
<li>Berkshire itself has also been hit by the sell-off, and is down over 5% in the last five trading days.</li>
</ul>
<ul>
<li>At its worst point on Monday, Apple&#8217;s market cap lost $364 billion in just a few minutes when compared to its closing price on Friday. That exceeds the combined market cap of 3M Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MMM#NYSE">MMM</a>), Dow Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DOW#NYSE">DOW</a>), DuPont de Nemours Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DD#NYSE">DD</a>) and BASF SE (OTC:<a class="ticker" href="https://www.benzinga.com/stock/BASFY#OTC">BASFY</a>).</li>
</ul>
<ul>
<li>Amazon.com Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMZN#NASDAQ">AMZN</a>) has also been struck by the market panic, losing over 12% in the last five trading days. The company is down 4.1% on Monday alone. At its lowest point on Monday, Amazon's market cap was down by $171 billion when compared to Friday's closing price. That's more than Intel Corp&#8216;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) entire market cap.</li>
</ul>
<ul>
<li>Microsoft Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>) is down by 7.3% in the last five trading days and 2.8% on Monday. The company&#8217;s market cap was down $172 billion at its lowest point on Monday, or three times the combined market caps of American Airlines Group Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAL#NASDAQ">AAL</a>), United Airlines Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UAL#NASDAQ">UAL</a>), Delta Air Lines, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DAL#NYSE">DAL</a>) and Southwest Airlines Co (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LUV#NYSE">LUV</a>).</li>
</ul>
Read also: <a href="https://www.benzinga.com//node/40166870">Google&#8217;s Bold AI Ad Backfired Amidst Olympic Fervor, Stirring Public Debate On Technology Versus Human Creativity As Shares Tumble 6.59% At Opening</a>
Nasdaq Takes The Worst Blow: The Nasdaq Composite <a href="https://www.benzinga.com/news/earnings/24/08/40157665/nasdaq-r2k-futures-tumble-over-4-vix-spikes-over-100-bitcoin-plunges-hard-as-global-sell-off-deepen">has been the worst hit among the major indices</a>. The average, which covers the tech-heavy Nasdaq exchange, has lost about 6% of its value in the last five days.
ETFs following the 100 biggest companies in the Nasdaq have also taken a hit. Invesco NASDAQ 100 ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQM#NASDAQ">QQQM</a>) is down 5.3% in the last five days, following a similar trajectory of its sibling fund Invesco QQQ Trust, Series 1 (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>).
<a href="https://www.benzinga.com/markets/24/08/40142331/chip-stocks-staring-at-another-bloodbath-as-intel-tumbles-nvidia-dips-4-asml-crumbles-over-6-whats-a">Semiconductor stocks continued to lead the drop</a> after a months-long rally that took major players to record market caps.
<ul>
<li>Intel Corp has been one of the worst hit in the sell-off, losing more than 34% in the last five trading days, with losses of almost 6% on Monday alone. The generalized market panic was added <a href="https://www.benzinga.com/news/earnings/24/08/40136668/intels-stock-plummets-after-earnings-what-to-know">on top of the company's worse-than-expected quarterly results</a> last week.</li>
</ul>
<ul>
<li>NVIDIA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) has lost 10% of its value in the last five trading days and 6.4% on Monday alone. The company saw losses of more than 13% on Monday at the market open, quickly recovering throughout the day. Nvidia&#8217;s market cap was down by $407 billion at its lowest point on Monday, when compared to its Friday closing price. That's about half the entire government spending on Medicare for 2023.</li>
</ul>
<ul>
<li>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) experienced a drop of over 10% at its worst point on Monday, but quickly recovered and is down 2% at the time of this writing, with losses of over 8% in the last five trading days.</li>
</ul>
<ul>
<li>VanEck Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SMH#NASDAQ">SMH</a>), the largest ETF following the semiconductor sector, has lost 11% of its value in the last five trading days and is down 2.1% on Monday.</li>
</ul>
<ul>
<li>iShares Semiconductor ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SOXX#NASDAQ">SOXX</a>) and SPDR S&amp;P Semiconductor ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/XSD#NYSE">XSD</a>), which also follow the chips sector, have experienced a similar trend.</li>
</ul>
Read Next: 
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<li><a href="https://www.benzinga.com//node/40166877">Will Bitcoin Or Ethereum Recover More Faster From The Crash? Here&#8217;s What Technical Analysis Says</a></li>
</ul>
Image created using Shutterstock photos.

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