BorgWarner Inc’s recent filing unveils that its Vice President Demmerle Stefan unloaded Company’s shares for reported $0.7 million on Nov 27 ’24. In the deal valued at $34.28 per share,20,544 shares were sold. As a result of this transaction, Demmerle Stefan now holds 206,969 shares worth roughly $6.83 million.
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Then, Demmerle Stefan bought 20,544 shares, generating $704,151 in total proceeds.
Before that, Demmerle Stefan sold 21,500 shares. BorgWarner Inc shares valued at $748,077 were divested by the Vice President at a price of $34.79 per share. As a result of the transaction, Demmerle Stefan now holds 227,513 shares, worth roughly $7.5 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 -3.14% to $32.98. Over the last five days, the stock has lost -3.85%. BorgWarner Inc shares have fallen nearly -8.01% since the year began. Nevertheless, the stocks have fallen -7.95% over the past one year. While a 52-week high of $38.22 was reached on 05/14/24, a 52-week low of $29.51 was recorded on 02/20/24. SMA at 50 days reached $34.35, while 200 days put it at $33.84.
Levels Of Support And Resistance For BWA Stock
The 24-hour chart illustrates a support level at 32.57, which if violated will result in even more drops to 32.15. On the upside, there is a resistance level at 33.65. A further resistance level may holdings at 34.31. The Relative Strength Index (RSI) on the 14-day chart is 40.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.73%. Stochastics %K at 36.74% 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 2024-11-29, growing by 1.29 million shares to a total of 8.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 7.46 million shares. There was a rise of 14.74%, which implies that there is a positive sentiment for the stock.
