Callaway Golf Company (ELY) has risen sharply, recording gains of 0.09% in the past 4 weeks. However, the stock has corrected -1.02% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 0.63% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
The stock has recorded a 20-day Moving Average of 0.62% and the 50-Day Moving Average is 2.52%.The 200 Day SMA reached 18.12%
Callaway Golf Company (NYSE:ELY): After opening at $11.66, the stock dipped to an intraday low of $11.43 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $11.676 and the buying power remained strong till the end. The stock closed at $11.61 for the day, a gain of 0.09% for the day session. The total traded volume was 1,059,591. The stocks close on the previous trading day was $11.61.
Callaway Golf Company (ELY) : The consensus price target for Callaway Golf Company (ELY) is $13.55 for the short term with a standard deviation of $1.3. The most optimist securities analyst among the 10 who monitor the stock believes that the stock can reach $16, however, the pessimist price target for the company is $12.
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, www.callawaygolfpreowned.com. In addition, the Company sells Odyssey and its products direct to consumers through its Websites www.callawaygolf.com and www.odysseygolf.com. The Companys products are sold in the United States and in approximately 100 countries around the world.