3M stock (NYSE: MMM) is down 19% in a month, while it’s down a significant 32% this year, underperforming the broader indices, with the S&P500 index down 16%. The recent fall can be attributed to the ongoing litigation alleging that 3M’s earplugs caused hearing damage for more than 230,000 veterans. With inflation rising and the Fed raising interest rates, among other factors, MMM stock has seen a 32% fall this year.