BorgWarner (BWA) : The value of composite uptick trades was $11.1 million, whereas, the value of composite downtick trades was $12.29 million. The uptick to downtick ratio stood at 0.9 with a negative money flow of ($1.19) Million during Tuesdays trading session. The block trades money flow was negative ($0.25 million).The uptick to the downtick ratio of 1.05 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $5.57 million. The transaction of the trades on downticks amounted to $5.31 million, which confirms investors selling on the strength of price. BorgWarner (BWA) gained 27 cents at $34.14, an increase of 0.8% over the previous days close.
Also, Seaport Global initiates coverage on BorgWarner (NYSE:BWA) The brokerage firm has issued a Neutral rating on the shares. The rating by the firm was issued on August 9, 2016.
BorgWarner Inc. has dropped 0.38% in the last five trading days, however, the shares have posted positive gains of 3.68% in the last 4 weeks. BorgWarner Inc. is up 2.36% in the last 3-month period. Year-to-Date the stock performance stands at -19.96%.
BorgWarner (NYSE:BWA): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $33.81 and $33.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $34.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $34.33, notching a gain of 1.36% for the day. The total traded volume was 3,342,829 . The stock had closed at $33.87 on the previous day.
In a related news,The officer (Vice President) of Borgwarner Inc, Ericson Brady D sold 11,282 shares at $33.8 on August 12, 2016. The Insider selling transaction had a total value worth of $381,332. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world, to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia and is an equipment supplier to automotive OEM.