Large Outflow of Money Witnessed in BorgWarner

Shares of BorgWarner (NYSE:BWA) advanced to $33.3. The price had gained 1.12% or 0.37 points intraday. The latest trading session witnessed $2.65 million in upticks and $6.75 million in downticks, resulting in net money flow of (-4.1) million. The up/down ratio for the day stood at 0.39. On a weekly scale, the price has seen a change of -1.07%. From the trading data available, it was disclosed that a block trade of negative money flow worth $(-4.2) million occurred during the day. $0 million in uptick and $4.2 million in downtick were the highlight of the block transaction which had an up/down ratio of 0.

BorgWarner Inc. has dropped 0.53% in the last five trading days, however, the shares have posted positive gains of 0.54% in the last 4 weeks. BorgWarner Inc. has dropped 11.48% during the last 3-month period . Year-to-Date the stock performance stands at -21.94%.

Currently 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 -3.87% . Institutional Investors own 92.37% of BorgWarner shares. During last six month period, the net percent change held by insiders has seen a change of -6.23%. . On the companys insider trading activities,The director of Borgwarner Inc, Cuneo Dennis C sold 2,500 shares at $33.53 on May 27, 2016. The Insider selling transaction had a total value worth of $83,825. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

BorgWarner (NYSE:BWA) rose 1.67% or 0.55 points on Friday and made its way into the gainers of the day. After trading began at $32.9 the stock was seen hitting $33.71 as a peak level and $32.81 as the lowest level. The stock ended up at $33.48. The daily volume was measured at 1,808,562 shares. The 52-week high of the share price is $61.11 and the 52-week low is $27.68. The company has a market cap of $7,286 million.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.