NEW YORK (AVAFIN) -- 3M options contracts experienced noteworthy call activity during today's trading session.
Specifically, there were 1.4 calls traded for every put contract yielding a 0.74
put/call ratio. Furthermore, 9,860 put and 13,362 call contracts were seen on tape.
Put/Call ratio is often used to measure investor sentiment, the ratio serves as a predictor of
investor behavior. A high put/call ratio suggests that the investor sentiment is bearish and
that investors expect the underlying stock to decrease in value. In contrast, a low put/call
ratio suggests that the investor sentiment is bullish and that the underlying stock is expected
to increase in value. Unusual volume provides reliable clues that the stock is expected to
make a move.
Shares of 3M closed at $93.68, up $1.81 (+1.97%) in the last trading session.
Today's volume of 3M shares is greater than the average volume of 3M
shares. MMM is trading above the 50 day moving average and higher
than the 200 day moving average. The stock's 52 week low is $77.51 and 52 week high is $95.46.
