BorgWarner (NYSE:BWA) has tumbled 0.53% during the past week, however, the bigger picture is still very bullish; the stocks have advanced and posted positive gains of 1.95% in the last four weeks. In the past week, the company has outperformed the S&P 500 by 0.66% and the outperformance has advanced to 1.02% for the last 4 weeks period.
BorgWarner (NYSE:BWA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.90 and $32.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $33.71. The buying momentum continued till the end and the stock did not give up its gains. It closed at $33.48, notching a gain of 1.67% for the day. The total traded volume was 1,808,562 . The stock had closed at $32.93 on the previous day.
The company shares have dropped -44.92% from its 1 Year high price. On Jun 22, 2015, the shares registered one year high at $61.08 and the one year low was seen on Feb 3, 2016. The 50-Day Moving Average price is $33.76 and the 200 Day Moving Average price is recorded at $35.52.
On the companys insider trading activities,The director of Borgwarner Inc, Cuneo Dennis C sold 2,500 shares at $33.53 on May 27, 2016. The Insider selling transaction had a total value worth of $83,825. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Equity analysts at the Brokerage firm Citigroup downgrades its rating on BorgWarner (NYSE:BWA). The rating major has initiated the coverage with neutral rating on the shares. Earlier, the shares were rated a Buy by the brokerage firm. The Analysts at Citigroup maintains a current price target of $37 per share. The rating by the firm was issued on March 29, 2016. Currently the company Insiders own 0.65% of BorgWarner shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.87% . Institutional Investors own 92.37% of BorgWarner shares. During last six month period, the net percent change held by insiders has seen a change of -6.23%.
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.