Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. BorgWarner Inc shares valued at $704,150 were sold by Demmerle Stefan on Nov 27 ’24. At $34.28 per share, Demmerle Stefan sold 20,544 shares. The insider’s holdings dropped to 206,969 shares worth approximately $6.66 million following the completion of this transaction.
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Also, Demmerle Stefan purchased 20,544 shares, netting a total of over 704,151 in proceeds.
Before that, Demmerle Stefan had sold 21,500 shares from its account. In a trade valued at $748,077, the Vice President traded BorgWarner Inc shares for $34.79 each. Upon closing the transaction, the insider’s holdings decreased to 21,500 shares, worth approximately $7.32 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 -3.19%. Over the course of the year, BorgWarner Inc shares have dropped approximately -10.24%. 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 $34.00, while a 200-day SMA reached $33.86. Nevertheless, trading volume fell to 0.72 million shares from 1.91 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 31.92, which, if violated, would cause prices to drop to 31.65. In the upper region, resistance lies at 32.34. The next price resistance is at 32.49. RSI (Relative Strength Index) is 39.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.31, which suggests the price will decrease in the coming days. Percent R is at 77.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
