SP is not very well supported at the moment unfortunately - Hello Fresh has also suffered since early Feb.
Recently hopped out at $3.15 to realise some good profits, but the price is looking more and more attractive as the days go by. Might jump back on at a price point somewhere in the low $2's (not saying that it will go that low, but anything is possible at the moment). Wilsons Research updated their 12 month price target to $3.48 on the 3rd of March - overweight recommendation. DYOR though.
To directly answer your question though, all companies with high multiples have been suffering with a shift from equities to bonds, which have a decent yield at the moment.
Hope this helps, xxx12
MMM Price at posting:
$2.65 Sentiment: Hold Disclosure: Not Held
