BorgWarner (BWA) : Traders are bullish on BorgWarner (BWA) as it has outperformed the S&P 500 by a wide margin of 5.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.6%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.65% in the last 1 week, and is up 6.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 2.44% and the 50-Day Moving Average is 4.54%. BorgWarner (NYSE:BWA): On Fridays trading session , Opening price of the stock was $33.81 with an intraday high of $34.16. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $33.57. However, the stock managed to close at $33.81, a loss of 0.56% for the day. On the previous day, the stock had closed at $34. The total traded volume of the day was 1,188,805 shares.
The company Insiders own 0.65% of BorgWarner shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -10.46% . Institutional Investors own 91.82% of BorgWarner shares. During last six month period, the net percent change held by insiders has seen a change of -6.23%. Also, Seaport Global initiates coverage on BorgWarner (NYSE:BWA). The current rating of the shares is Neutral, according to the research report released by the firm. The rating by the firm was issued on August 9, 2016.
BorgWarner Inc. is a supplier of engineered automotive systems and components for powertrain applications. The Company operates through two segments: Engine and Drivetrain. The Engine segment develops and manufactures products in gasoline and diesel engines and alternative powertrains. The Drivetrain segment develops and manufactures products for automatic transmissions and all-wheel drive (AWD) vehicles. The Company manufactures and sells the product across the world, to equipment manufacturers (OEMs) of light vehicles. The Company sells the products to other OEMs of commercial vehicles and off-highway vehicles (agricultural and construction machinery and marine applications). It also manufactures and sells its products to Tier One vehicle systems suppliers and into the aftermarket for light, commercial and off-highway vehicles. The Company operates manufacturing facilities serving customers in the Americas, Europe and Asia and is an equipment supplier to automotive OEM.