From TokenPost · · 40s
3M Shares Drop Before Earnings
3M shares closed below key moving averages before earnings, boosted by Amazon and Genius deals.
In brief
3M shares closed below key moving averages before earnings, boosted by Amazon and Genius deals. 3M shares fell below 20-, 50- and 200-day moving averages before earnings, rising 5.4% after Amazon data center news. Originally reported by TokenPost.
3M Shares Close Below Averages
3M Company closed below its 20-, 50- and 200-session daily exponential moving averages on Oct. 19.
Amazon Data Center News Boosts Shares
3M disclosed an expanded Amazon data center relationship involving optical connectivity, lifting shares 5.4% in after-hours trading.
Earnings Update and Genius Deal
3M raised 2026 earnings outlook to $9.10-$9.15 per share after announcing a 4.7% acquisition of Genius Electronic Optical.
The essence
3M shares fell below 20-, 50- and 200-day moving averages before earnings, rising 5.4% after Amazon data center news.
