Callaway Golf Company (ELY) has risen sharply, recording gains of 6.54% in the past 4 weeks. However, the stock has corrected -2.06% 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 6.77% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.38% and the fifty day Moving Average is 6.16%. Callaway Golf Co. is up 13.87% in the last three month period. Year-to-Date the stock performance stands at 21.4%.
Callaway Golf Company (ELY) : Currently there are 9 street experts covering Callaway Golf Company (ELY) stock. The most bullish and bearish price target for the stock is $16 and $12 respectively for the short term. The average price target of all the analysts comes to $13.5. The estimated standard deviation from the target is $1.37.
Callaway Golf Company (NYSE:ELY): On Fridays trading session , Opening price of the stock was $11.49 with an intraday high of $11.55. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $11.33. However, the stock managed to close at $11.4, a loss of 0.44% for the day. On the previous day, the stock had closed at $11.45. The total traded volume of the day was 739,140 shares.
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.