BorgWarner (BWA) has been under a strong bear grip, hence the stock is down -8.82% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 2.68% in the past 1 week. The stock has risen by 4.22% in the past week indicating that the buyers are active at lower levels, but the stock is down -4.84% in the past 4 weeks. The stock has recorded a 20-day Moving Average of 2.89% and the 50-Day Moving Average is 1.97%.
BorgWarner (NYSE:BWA): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.63 and $31.21 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.16. The buying momentum continued till the end and the stock did not give up its gains. It closed at $31.86, notching a gain of 1.01% for the day. The total traded volume was 2,480,187 . The stock had closed at $31.54 on the previous day.
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 92.75% of BorgWarner shares. During last six month period, the net percent change held by insiders has seen a change of -6.23%. In a related news, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director of Borgwarner Inc, Cuneo Dennis C had sold 2,500 shares worth of $83,825 in a transaction dated May 27, 2016. In this transaction, 2,500 shares were sold at $33.53 per share.
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.