3M Trading Volume Plummets 56.67% to $782 Million Despite Strong Q2 Earnings

On July 21, 2025, 3M (MMM) experienced a significant drop in trading volume, with a total of $782 million in shares traded, marking a 56.67% decrease from the previous day. The stock closed 0.27% lower, marking its second consecutive day of decline, with a total decrease of 3.91% over the past two days.

3M reported its fiscal second-quarter earnings on July 18, 2025, revealing an adjusted earnings per share (EPS) of $2.16, representing a 12% year-over-year increase. This performance exceeded market expectations and was highlighted by the company's CEO, William M. Brown, as a strong quarter.

The company's adjusted operating income margin also saw a notable improvement, rising to 24.5%, an increase of 2.9 percentage points from the previous year. This margin expansion was driven by cost management efforts and operational efficiencies.

3M's strong second-quarter performance has led to an increase in its full-year EPS target, now projected to be between $7.75 and $8. This revised target reflects the company's confidence in its ability to sustain growth despite ongoing challenges in the market.

Analysts have responded positively to 3M's earnings report, with Barclays raising its price target for the stock following the strong quarterly results. The company's ability to exceed earnings expectations and maintain robust operating margins has bolstered investor confidence in its long-term prospects.