How COVID-19 has impacted 3M and measures they’ve taken as a business to combat it. Read on below.
Our aim is to help you buy 3M shares armed with as much research and information as possible.
Below we’ve aggregated up to date information on 3M including a detailed coronavirus section, full company information and live share prices and trend graphs. We’ve also added a step by step guide showing you exactly how to buy 3M shares.
An American multinational conglomerate corporation which operates in US health care, worker safety, industry and consumer goods. Under several brand names 3M produces over 60,000 products including personal protective equipment, adhesives, medical products and healthcare software to name a few.
Founded in 1902 (as Minnesota Mining and Manufacturing Company) it has its headquarters in Maplewood, Minnesota with 96,000 employees and operates in more than 70 countries.
Mike Roman is the chairman, president and CEO of 3M with nearly 9% of shares held by all insiders. They trade as MMM on the NYSE.
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3M report double-digit decline in share sales. The company could face pressure after April sales fell 11%. They reported an 11% decline to $2.3 billion year over year.
3M’s stock has declined 15.5% over the past 3 months. An increase of 5% in health care sales has been offset by declines of 5% in consumer, 20% in electronics and transportation and 11% in industrial and safety. The company has stated it will update investors, providing monthly sales data given the uncertainties about the impact of the Corona virus pandemic.
It’s a very simple and straightforward process to getting started and owning a share of 3M. Our step by step guide below will show you just how easy.
1. Pick a share trading platform.
We’ve provided a selection below to help you choose (many come with an app that you can manage from your phone).
2. Open an account with your chosen trading platform.
As with any account you’l be required to identify yourself with some personal details to make sure you are who you say you are.
3. Add a payment method.
You’ll be securely transferring money to your share trading platform in order to buy the shares, so you’ll need to add a way to pay.
4. Search for the company you want to buy shares in.
Each share trading platform has a simple way to locate the company you’ve identified.
5. Buy the shares.
Make sure you check the share price of the company you’re investing in and how much you’re investing (and ensure you’re happy with both) before you click the ‘buy’ button.
And that’s it, you’re now a shareholder. Congratulations!
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