3M Close to All-Time High

Shares of 3M ($MMM) have been as high as $94.64 today which is a fresh 52-week high. That’s actually a three-and-a-half year high.

This recent rally brings MMM very close to its all-time high price of $97 reached in October 10, 2007.

I highlight MMM because it’s a very diversified manufacturing firm. If it’s near an all-time high, it suggests that much of the non-financial economy is recovering.

Posted by on April 11th, 2011 at 11:41 am


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