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Insider Trends: 90-Day Insider Buying Trend at BorgWarner Slowed with Disposition of Shares

05/10/2021 06:18

10:17 AM EDT, 05/10/2021 (MT Newswires) -- On May 07, 2021, Director and President & CEO, Frederic Lissalde, executed a sale of 40,000 shares in BorgWarner (BWA) for $2,103,588. Lissalde, following the transactions disclosed in the Form 4 SEC filing, owns 228,783 company shares, with a market value, based on the prior-day closing price, of $12.3 million.

Over the last 90 days, previous to the date of this filing, there have been 34 insider transactions reported to the SEC for BorgWarner. These transactions came from the activities of 21 different insiders that resulted in a net acquisition of 212,387 company shares. In the preceding 90-day window of time, there were 10 transactions from 8 insiders and resulted in the net acquisition of 41,477 shares.

This represents a lower level of transactions than the peer group average in the 36-company Auto, Truck & Motorcycle Parts peer group over the last 90-day period. Peer group activity averaged 104.1 transactions per company, and disposition of 44,139 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/908255/000122520821007814/xslF345X03/doc4.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.