Callaway Golf Company (ELY) Shares are Up 6.82%

Callaway Golf Company (ELY) : Traders are bullish on Callaway Golf Company (ELY) as it has outperformed the S&P 500 by a wide margin of 6.11% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 6.37%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 6.82% in the last 1 week, and is up 8.75% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

Callaway Golf Company (NYSE:ELY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $11.13 and $11.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $11.58. The buying momentum continued till the end and the stock did not give up its gains. It closed at $11.43, notching a gain of 3.91% for the day. The total traded volume was 3,113,085 . The stock had closed at $11.00 on the previous day.

The stock has recorded a 20-day Moving Average of 8.35% and the 50-Day Moving Average is 10.89%. Callaway Golf Co. is up 22.9% in the last 3-month period. Year-to-Date the stock performance stands at 21.61%.

Callaway Golf Company (ELY) : Average target price received by Callaway Golf Company (ELY) is $13.15 with an expected standard deviation of $1.49. The most aggressive target on the stock is $16, whereas the most downbeat target is $11. 10 financial analysts are currently covering the stock.


Callaway Golf Company designs, manufactures and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Company has two segments: the golf clubs segment and golf balls segment. The golf clubs segment consists of its woods, hybrids, irons and wedges and Odyssey putters. This segment also includes other golf-related accessories, royalties from licensing of the Companys trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Companys balls that are designed, manufactured and sold by the Company. The Company sells pre-owned golf products through its Website, In addition, the Company sells Odyssey and its products direct to consumers through its Websites and The Companys products are sold in the United States and in approximately 100 countries around the world.

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