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Updated · MarketWatch · May 6Solventum stock rallies 2.82% for third straight gain
8 articles · Updated · MarketWatch · May 6
- Shares closed at $70.99 on Wednesday as trading volume reached 2.7 million, topping the 50-day average of 1.3 million.
- The stock outpaced a broader market rise, with the S&P 500 up 1.46% to 7,365.12 and the Dow Jones Industrial Average gaining 1.24% to 49,910.59.
- Despite the recent advance, Solventum remains 19.51% below its 52-week high of $88.20 reached on 2 December.
Solventum's earnings beat estimates, but with negative cash flow, is its recent stock rally built to last? After a spin-off allegedly erased $13 billion in value, is Solventum now a bargain or a value trap?