A plasmon structure based on a metal-insulator-metal (MIM) waveguide composed of three stubs (TSs) is proposed, and its transmission characteristics are studied numerically by the finite element method (FEM). The simulation results show that multiple plasmon-induced transparencies (PITs) with high transmission can be produced in the structure and can be tuned effectively. By adjusting the structure parameters, more high-order PITs with narrower window are generated. Furthermore, the proposed MIM waveguide is sensitive to the environment and the maximum values of refractive index sensitivity and figure of merit (FOM) are 1340 nm R−1IU−1 and 251/RIU, respectively. Multiple, adjustable and narrow PITs with high FOM can be induced in the proposed structure, which can be used in the fields of multi-channel filters, optical switches, storages, sensors, and so on.