The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BorgWarner Inc shares valued at $748,078 were purchased by Demmerle Stefan on Nov 14 ’24. At $34.79 per share, Demmerle Stefan acquired 21,500 shares.
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Also, Weng Volker sold 20,000 shares, netting a total of over 690,788 in proceeds. Following the sale of shares at $34.54 each, the insider now holds 72,272 shares.
Before that, McKenzie Isabelle had sold 5,700 shares from its account. In a trade valued at $197,335, the Vice President traded BorgWarner Inc shares for $34.62 each. Upon closing the transaction, the insider’s holdings decreased to 5,700 shares, worth approximately $1.3 million.
As of March 15, 2024, Piper Sandler has initiated its “an Overweight” rating for BWA. Earlier on February 20, 2024, Exane BNP Paribas downgraded its rating. Their new recommendation was “a Neutral” for BWA stock which previously was a “an Outperform”.
Analyzing BWA Stock Performance
During the last five days, there has been a drop of approximately -1.80%. Over the course of the year, BorgWarner Inc shares have dropped approximately -3.96%. Shares of the company reached a 52-week high of $38.22 on 05/14/24 and a 52-week low of $29.51 on 02/20/24. A 50-day SMA is recorded $34.22, while a 200-day SMA reached $33.58. Nevertheless, trading volume fell to 1.72 million shares from 2.41 million shares the previous day.
Support And Resistance Levels for BorgWarner Inc (BWA)
According to the 24-hour chart, there is a support level at 34.16, which, if violated, would cause prices to drop to 33.89. In the upper region, resistance lies at 34.84. The next price resistance is at 35.24. RSI (Relative Strength Index) is 50.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.54, which suggests the price will decrease in the coming days. Percent R is at 42.59%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
