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Updated · MarketWatch · Apr 30BorgWarner shares rise 5.09%, snapping three-day losing streak
4 articles · Updated · MarketWatch · Apr 30
- The stock closed at $56.97 on Thursday as trading volume reached 2.8 million shares, above its 50-day average of 2.4 million.
- The gain came during a broader market rally, with the S&P 500 up 1.02% and the Dow Jones Industrial Average rising 1.62%.
- BorgWarner still finished 18.71% below its 52-week high of $70.08 reached on 12 February, while peers Aptiv, QuantumScape and Lear also advanced.
BorgWarner's stock is up 108% in a year. Is its rally sustainable or a bubble? Can a new venture into AI data centers protect this auto supplier from the EV slowdown?