BorgWarner Inc’s recently made public that its Vice President Weng Volker unloaded Company’s shares for reported $0.66 million on Aug 23 ’24. In the deal valued at $33.74 per share,19,692 shares were sold. As a result of this transaction, Weng Volker now holds 92,272 shares worth roughly $3.17 million.
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Then, Weng Volker bought 19,692 shares, generating $664,339 in total proceeds.
Before that, Wingfield Tania sold 7,934 shares. BorgWarner Inc shares valued at $253,893 were divested by the EVP & CHRO at a price of $32.00 per share. As a result of the transaction, Wingfield Tania now holds 38,082 shares, worth roughly $1.31 million.
Piper Sandler began covering BWA with “an Overweight” recommendation on March 15, 2024. Exane BNP Paribas revised its rating on February 20, 2024. It rated BWA as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of BWA
On Monday, BorgWarner Inc [NYSE:BWA] saw its stock fall -2.44% to $34.34. Over the last five days, the stock has lost -3.08%. BorgWarner Inc shares have fallen nearly -4.21% since the year began. Nevertheless, the stocks have fallen -9.89% over the past one year. While a 52-week high of $39.10 was reached on 05/14/24, a 52-week low of $29.51 was recorded on 02/20/24. SMA at 50 days reached $33.80, while 200 days put it at $33.54.
Levels Of Support And Resistance For BWA Stock
The 24-hour chart illustrates a support level at 34.02, which if violated will result in even more drops to 33.71. On the upside, there is a resistance level at 34.96. A further resistance level may holdings at 35.59. The Relative Strength Index (RSI) on the 14-day chart is 47.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.40%. Stochastics %K at 22.25% 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 2024-09-30, growing by 0.67 million shares to a total of 9.86 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.19 million shares. There was a rise of 6.84%, which implies that there is a positive sentiment for the stock.
