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Why 3M Shares Were Down in 2019

TheMotleyFool

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Shares of 3M (NYSE: MMM) lost 7.41% in 2019, according to data provided by S&P Global Market Intelligence, underperforming the S&P 500 by more than 35 percentage points. Things first went off the rails in late April, when the company missed on earnings and announced a very un-3M-like acquisition, and the company did little as the year went on to quell investor concerns.