Why 3M Stock Tumbled This Week

3M (MMM 0.46%) stock was holding up firmly this year until its quarterly earnings report came out this week. Despite surpassing earnings estimates, shares of the industrial conglomerate crashed this week and were trading 10.4% lower through 10:30 a.m. ET Friday, according to data provided by S&P Global Market Intelligence. While its outlook for 2024 fell short of analysts' estimates, the primary concern is that 3M could revise its guidance later in the year given two major events coming up.3M hopes to spin ...