In a filing, BorgWarner Inc. revealed its Vice President Demmerle Stefan unloaded Company’s shares for reported $0.24 million on Jun 14. In the deal valued at $47.61 per share,5,000 shares were sold. As a result of this transaction, Demmerle Stefan now holds 177,614 shares worth roughly $ 7.09 million.
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Then, Fadool Joseph F. sold 210 shares, generating $9,818 in total proceeds. Upon selling the shares at $46.70, the Vice President now owns 0 shares.
Before that, Fadool Joseph F. sold 631 shares. BorgWarner Inc. shares valued at $29,744 were divested by the Vice President at a price of $47.16 per share. As a result of the transaction, Fadool Joseph F. now holds 210 shares, worth roughly $8379.0.
Nomura downgraded its BorgWarner Inc. [BWA] rating to a Neutral from a a Buy in a research note published on Friday. PT values the company’s stock at a premium of 9.32 to its Friday closing price.
Price Performance Review of BWA
On Friday, BorgWarner Inc. [NYSE:BWA] saw its stock jump 0.53% to $39.90. On the same session, the stock had its day’s lowest price of $39.2812, but rose to a high of $40.37. Over the last five days, the stock has gained 0.66%. BorgWarner Inc. shares have risen nearly 12.70% since the year began. Nevertheless, the stocks have risen 20.83% over the past one year. While a 52-week high of $47.05 was reached on 03/03/23, a 52-week low of $27.39 was recorded on 08/18/23. SMA at 50 days reached $44.35, while 200 days put it at $45.18. A total of 1.1 million shares were traded, compared to the trading of 1.4 million shares in the previous session.
Levels Of Support And Resistance For BWA Stock
The 24-hour chart illustrates a support level at 39.33, which if violated will result in even more drops to 38.76. On the upside, there is a resistance level at 40.42. A further resistance level may holdings at 40.94. The Relative Strength Index (RSI) on the 14-day chart is 37.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.64%. Stochastics %K at 24.05% indicates the stock is a holding.
How much short interest is there in BorgWarner Inc.?
A steep rise in short interest was recorded in BorgWarner Inc. stocks on Aug 14, 2023, growing by 0.7 million shares to a total of 8.04 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 7.34 million shares. There was a rise of 8.71%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.87% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.85.
BorgWarner Inc. [BWA] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 25,873,713 shares, or roughly 11.04% of the outstanding BWA shares. In other words, the investor’s shares have risen by 164,559 from its previous 13-F filing of 25709154.0. Additionally, BlackRock Fund Advisors increased 0.10% of its stake after which the total value it holdings stand at $572,897,345, while SSgA Funds Management, Inc. added 3.54% of its stake to hold $485.89 million in the firm. Over the last quarter, Harris Associates LP sold -424,147 shares of BorgWarner Inc., while Victory Capital Management, Inc. sold -234,988 shares. At present, Dimensional Fund Advisors LP is holding 7,142,969 shares valued at $332.15 million. Macquarie Investment Management B owned 5,443,515 shares of the company at the time of its most recent 13F filing, worth $253.12 million.
According to FactSet, BorgWarner Inc.’s share price will average $51.88 in the next year, based on opinions of analysts polled by the firm. This is up nearly 23.46 percent from its previous closing price of $39.69. Analysts expect BorgWarner Inc. stock to reach the higher price of $67.00, while the lowest price estimate is $44.00. However, 19 analysts have rated BWA stock as an Overweight in their predictions for 2023.