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Insider Trends: Insider Sale at BorgWarner Scaling Back 90-Days of Buying

05/10/2021 06:43

10:40 AM EDT, 05/10/2021 (MT Newswires) -- On May 07, 2021, EVP, CAO, Gen Counsel & Sec, Tonit M Calaway, executed a sale of 18,212 shares in BorgWarner (BWA) for $939,221. Following the Form 4 filing with the SEC, Calaway controls 38,260 shares of the company of which 32,099 shares are held directly and 6,161 are owned indirectly. These holdings have an approximate market value of $2.06 million as of the prior-day closing price.

Over the last 90 days, previous to the date of this filing, there have been 36 insider transactions reported to the SEC for BorgWarner. These transactions came from the activities of 21 separate insiders that resulted in a net acquisition of 165,146 company shares. Relative to the preceding 90-day window of time, there were 10 transactions from 8 insiders that resulted in the net acquisition of 41,477 shares.

This level of insider transactions is lower than the peer group average in the 36-company Auto, Truck & Motorcycle Parts peer group over the last 90-day period. Activity in the peer group averaged 104.2 transactions per company, and disposition of 44,176 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/908255/000122520821007819/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.