Shares in multi-industry industrial company 3M (NYSE: MMM) rose 10.1% in March, according to data provided by S&P Global Market Intelligence. There wasn’t any major fundamental news in the month, so the stock price rise was likely caused by a change in investor sentiment.
Investors’ more positive outlook might well have come about after management spoke at a couple of investor conferences in the middle of March. The presentations by CEO Mike Roman and CFO Monish Patolawala served to allay investor fears over its trading environment so far in 2021. Picking out three specific concerns, 3M could be feeling pressure from: