Volatile Stocks Under Street Updates: 3M Company (NYSE:MMM), Dorman Products (NASDAQ:DORM)

Shares of 3M Company (NYSE:MMM) [Trend Analysis] swings enthusiastically in regular trading session, it an advance of 1.48% to close at $178.49. 3M co. (MMM) declared that it decided to sell the identity management business within its Traffic Safety and Security Division, to Gemalto for $850 million, subject to closing and other adjustments.3M’s identity management business is a leader in identity management solutions providing biometric hardware and software that enable identity verification and authentication, as well as secure materials and document readers.

The business includes 3M Cogent, a wholly owned subsidiary of 3M, which provides a full spectrum of biometric solutions with a focus in law enforcement, border control and civil identification. 3M’s identity management business has annual global sales of approximately $215 million.The transaction is expected to close during the first half of 2017 and is subject to customary closing conditions, regulatory approvals and consultation or information requirements with relevant works councils. Approximately 450 3M employees are expected to transfer to Gemalto with the acquisition. Moving forward to saw long-term intention, the experts calculate Return on Investment of 22.00%. The stock is going forward its fifty-two week low with 36.12% and lagging behind from its 52-week high price with -1.12%. MMM last month stock price volatility remained 1.10%.

Dorman Products, Inc. (NASDAQ:DORM) [Trend Analysis] knocking active thrust in leading trading session, shares an increase of 0.54% to 78.22 with around 226705 shares have changed hands in this session. Dorman Products, Inc. (NASDAQ:DORM) declared that its BOD has authorized a resolution to increase and extend its share repurchase program by an additional $100 million, raising the aggregate authorization under the program to $250 million. The Company has spent $98.6 million to date under the existing authorization.

The authorization is effective through December 31, 2018. Stock repurchases under the program may be made from time to time, as the Company deems appropriate, based on factors such as market conditions, share price, share availability and other factors. There can be no assurance as to the number of shares the Company will purchase, if any, and the program may be modified, renewed, suspended or terminated by the Company at any time without prior notice. The stock is going forward its fifty-two week low with 94.72% and lagging behind from its 52-week high price with 0.49%.

Similar, the positive performance for the quarter recorded as 25.39% and for the year was 67.60%, while the YTD performance remained at 64.78%. DORM has Average True Range for 14 days of 1.88.

 

About Blake Escott

Blake Escott holds junior writer position in SWR. Before joining Streetwise Report, he was a freelance content Writer. He has high-level copywriting experience and particularly experienced in proofreading and editing. He covers news about different companies including all US market sectors. Interests: Commodities, Energy stocks, Sector-wise Stocks analysis, Utilities

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