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Significant Insider Sales in Shares of BorgWarner (BWA) Extends the Selling Trend of Last Quarter

05/11/2021 18:23

10:20 PM EDT, 05/11/2021 (MT Newswires) -- There was substantial level of selling of BorgWarner shares by insiders today, as reported in form 4 documents filed with the SEC. Three insiders -- Tonit M Calaway, Officer, Frederic Lissalde, Director and Officer, and Dr Paul Arthur Farrell, Officer -- disposed of 65,453 shares in the company having a market value of approximately $3,423,011. There have been 2 insiders with buy/sell transactions in the past 90 days prior to these filings. All of these trades have been sales resulting in the disposition of 8,171 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 73,624 shares and have averaged 14,725 shares per transaction over this time period.

Today's Insider Activity

The number of insider buy/sell trades at BorgWarner is greater than that of the 36 peer company average over the last 90-day period. The Auto, Truck & Motorcycle Parts peer group saw 38 buy/sell trades during this period for an average of 1.1 transactions per company. However, the number of shares traded per transaction by BorgWarner insiders is lower than its peers. Within the peer group there were 54,234 shares purchased and 13,130,563 shares sold with company insiders having sold 344,114 shares on average over this time period.

Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in creating and writing this story.

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.