BorgWarner Inc. (NYSE:BWA) [Trend Analysis] knocking active thrust in leading trading session, shares an raise of 0.03% to 35.19 with about 1.36 Million shares have changed hands in this session. Automotive parts maker BorgWarner Inc. (BWA) has agreed to sell its Remy light vehicle followingmarket business to an investor group led by Torque Capital Group. for about $80 million, subject to customary adjustment. The transaction is predictable to be completed in the fourth quarter.
The sale comprises manufacturing facilities in San Luis Potosi and Piedras Negras, Mexico; Twinsburg, Ohio; Edmond, Oklahoma; Brussels, Belgium; Jemmal (Menzel Harb), Tunisia; and Miskolc, Hungary. The business employs a total of about 3,000 people. According to BorgWarner, sales of this light vehicle followingmarket business through the first six months of 2016 were about $142 million. The stock is going forward its fifty-two week low with 28.63% and lagging behind from its 52-week high price with -26.58%.
Same, the positive performance for the quarter recorded as 23.86% and for the year was -15.45%, while the YTD performance remained at -17.64%. BWA has Average True Range for 14 days of 0.75.
Capital One Financial Corporation (NYSE:COF) [Trend Analysis] retains strong position in active trade, as shares scoring 0.42% to $72.13 in a active trade session, while looking at the shares volume, about 3.54 Million shares have changed hands in this session. Capital One Financial Corp. (COF) stated it has entered into a 10-year program contract to become the exclusive issuing partner of co-branded credit cards to Cabela’s Inc.(CAB) consumers. The contract will become effective concurrent with Bass Pro Shops’ completion of its proposed acquisition of Cabela’s that also was released.
Cabela is a retailer of hunting, fishing and camping supplies. In connection with the Cabela’s credit card program, Capital One has entered into a definitive contract under which it will takeover the credit card operation from Cabela’s. This comprises about $5.2 billion in credit card receivables and other assets as well as about $5 billion in associated funding liabilities. The firm has institutional ownership of 88.50%, while insider ownership included 0.10%. COF attains analyst recommendation of 2.30 with week’s performance of 1.86%. Investors looking additional ahead will note that the Price to next year’s EPS is 11.11%.