Too often spinoff stocks don't perform well out of the gate. Because an investor bought the business of the parent company, he doesn't care too much about whatever side project is being shed.

The 'Undercovered' Dozen From April 2024

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The "Undercovered" Dozen highlights twelve ideas from the previous month on stocks with limited coverage. QuantumScape, IonQ, Enbridge preferred shares, Tilray, and more are included this month.
3M healthcare spinoff Solventum says it will prioritize paying back debt over dividends and share buybacks for the next 24 months.
Completed spin-off from 3M and began trading on April 1, 2024 Reported sales increased 0.2% to $2.016 billion, organic sales increased 0.9% GAAP Earnings Per Share (EPS) of $1.37; adjusted EPS1 of $2.
There's a lot of evidence suggesting that spinoff stocks are generally a good idea to watch. Following a split from their parent company, many such firms do well thanks to their efficiency and newly-f
ST. PAUL, Minn. , April 23, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV) announced today that it will release carve-out financial results for the first quarter 2024 before the market opens on May 9, 2
ST. PAUL, Minn. , April 15, 2024 /PRNewswire/ -- Solventum (NYSE: SOLV) announced today that its Board of Directors appointed Shirley Edwards, former partner, EY, to the board.
The 3M healthcare spinoff picked up two new ratings this week.
Investors woke up this week to find shares of 3M NYSE: MMM trade lower by roughly 20%. What seemed to be a recovery is now a scary environment for 3M shareholders.
'Mad Money' host Jim Cramer takes a closer look at 3M spin-off company Solventum.
Solventum (NYSE: SOLV ) stock went live on the New York Stock Exchange today just as its parent company, 3M (NYSE: MMM ), sorted out a recent settlement related to a drinking water agreement. Indeed,
Healthcare business Solventum (NYSE: SOLV ) — which covers information technology, wound care and other specialties — slipped on its public market debut. SOLV stock represents a spinoff from indus
Two big announcements from 3M (MMM) sent shares of the conglomerate higher Monday.
The spinoff of 3M's healthcare business is complete and shares of the new company, called Solventum, are lower. It could be a buying opportunity.
Solventum Corp (NYSE: SOLV) lost about 3.0% as it debuted on the New York Stock Exchange on Monday. The healthcare name was separated from 3M & Co (NYSE: MMM) in March.
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