3M CEO Christian Goralski Acquires Shares Valued at $1,822
Christian T. Goralski Jr., President of 3M Co, bought 17 shares totaling $1,822 between May and October 2024. 3M's ongoing joint venture with Bain Capital and expansion plans for optical interconnection technology indicate growth potential amidst investor interest.
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Christian T. Goralski Jr., President of 3M Co (NYSE:MMM), acquired 17 shares in four transactions from May 30, 2024, to October 23, 2024, for a total of $1,822, with current trading at $150.48. 3M has established a joint venture with Bain Capital to acquire Madison Fire & Rescue, gaining $700 million in cash and a 50.1% ownership stake.
Plans to expand U.S. production capacity for optical interconnection technology aim to meet rising demand from AI data centers. Analysts from Argus and UBS maintain a 'buy' rating with a price target of $190, indicating potential recovery in revenues and earnings. The appointment of Meagan Linn as Senior Vice President for Government Affairs reflects a strategic focus on government contracts.
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