Daily market Notes: 3M Company (MMM) and Hilton Grand Vacations Inc. (HGV)

On Dec 02, Bushman Julie L, Executive Vice President sold 6,879 shares of 3M Company (NYSE: MMM), with the average selling price of the stock being $170.16 per share. The total amount realized from this sold $1,170,531. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Executive Vice President – Bushman Julie L exercised an option an extra 12,646 shares of this stock in a transaction that took place a day before, on Nov 29, with a share exercised an option at an average of $169.77 and a total of $2,146,911 was realized from this transaction. After the transaction, the Executive Vice President – Bushman Julie L was left with 46,298 shares of the company’s stock, which is currently worth around $7860011.46.

The recent price movement of MMM means that it is now down by -27.80% from its 52-week high and 5.37% up against its 52-week low prices. Over the past one week, the price volatility of MMM stands at 3.12% while the volatility over the past one month is 1.75%. The beta score for this stock is 1.11. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 01/28/2020 published its latest quarterly earnings, with the report showing that the company recorded 2.23 earnings per share (EPS) during that period. This report was below the expectations of analysts of 2.49 by -0.26. The revenue by the firm was 8.23B for the quarter.

The shares of 3M Company (MMM) dropped by -2.37%, leading to a loss of -$3.85 per share, and saw MMM end the trading session at $158.66 on Friday 01/31/20. MMM started the trading session at $162.00, before reaching a daily high of $162.652. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $158.225.

The trading volume on Friday stood at 5662655, which was below the stock’s 3-month average volume of 2.78 million shares, out of a total 574.22M shares. As the price of the stock dipped, the market valuation of the company dropped to 93.47 billion.

The shares of Hilton Grand Vacations Inc. (NYSE: HGV) went down by -4.09% by the end of the recent trading session. This movement saw its price plunge to close at $31.91, which was lower than the previous closing price of $33.27. Over the past one week, the price of HGV has slipped by -5.48%, while it has recorded a loss of -7.21% over the past one month. Its three-month performance saw HGV lose -7.51% while its six-month performance saw it surge by 13.40%. The situation is different though over the past one year, as the stock price went up by 5.17%, while its year-to-date (YTD) price performance slipped by -7.21%. The stock price has gone up by +2.51% compared to its 90-day low, while it is down -11.51% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Sell. In the short-term, the stock has a 20-day average volume of 579,670 shares, with the short-term indicators averagely rating the stock as a 50% Sell. A look at its medium-term indicators reveals that it has a 50-Day average volume of 682,714 shares and the indicators have an average rating of 50% Buy. The last indicators, the long-term see HGV stock with a 100-Day average volume of 905,681 shares, giving it an average rating of 50% Sell. A look at the general picture of all short, medium and long-term indicators leaves HGV with an average rating of 24% Sell.

Several brokerage firms sent out their reports HGV stock not long ago. In its report sent out on September 25, 2019, Janney lowered its ratings on HGV from a Buy to a Neutral. In an earlier report on September 19, 2019, Goldman Downgrade the stock from a Buy to a Neutral. JP Morgan meanwhile in its report on August 20, 2019 Upgrade its rating of the stock from a “Neutral” to “Neutral”.

In a recent SEC filing, the company revealed that 243 institutions currently hold the HGV stock. In the last quarter, a 87,348,458 HGV shares were in the possession of institutions. On the other hand, the company recorded 38 new institutions who bought it their stock, while 36 institutions sold their entire HGV reserve. Of the current institutions investing in the stock, 97 increased their investment while 108 decreased their investment in the stock.