5 Worst Performing Blue Chip Stocks in 2023

3. 3M Company (NYSE:MMM)

Year to Date Share Price Returns: -14.63%

3M Company (NYSE:MMM) is another industrial equipment firm that provides products to transport, pharmaceutical, and other industries. Like its peers, the shares have also taken a beating this year and the stock is rated Hold on average.

During March 2023, 51 of the 943 hedge funds profiled by Insider Monkey had bought a stake in 3M Company (NYSE:MMM). Out of these, the firm’s largest shareholder is Ken Fisher’s Fisher Asset Management with a $695 million investment.

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