Price Action to Note: Callaway Golf Co Stock Is Rising Now

Price Action to Note: Callaway Golf Co Stock Is Rising Now

The stock of Callaway Golf Co (NYSE:ELY) is a huge mover today! About 2.64 million shares traded hands or 189.29% up from the average. Callaway Golf Co (NYSE:ELY) has risen 8.11% since April 4, 2016 and is uptrending. It has outperformed by 7.01% the S&P500.
The move comes after 6 months positive chart setup for the $1.04B company. It was reported on Nov, 4 by Barchart.com. We have $17.85 PT which if reached, will make NYSE:ELY worth $634.40M more.

Callaway Golf Co (NYSE:ELY) Ratings Coverage

Out of 9 analysts covering Callaway Golf (NYSE:ELY), 8 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 89% are positive. Callaway Golf has been the topic of 11 analyst reports since August 23, 2015 according to StockzIntelligence Inc. The stock of Callaway Golf Co (NYSE:ELY) earned “Buy” rating by Suntrust Robinson on Friday, May 13. The firm has “Buy” rating given on Wednesday, February 24 by DA Davidson. Ladenburg Thalmann initiated the stock with “Buy” rating in Monday, January 4 report. SunTrust upgraded the shares of ELY in a report on Friday, May 13 to “Buy” rating. The firm has “Buy” rating by Wunderlich given on Monday, May 23. The rating was initiated by Compass Point on Friday, September 9 with “Neutral”. The firm earned “Buy” rating on Sunday, August 23 by Sterne Agee CRT. The stock of Callaway Golf Co (NYSE:ELY) earned “Outperform” rating by FBR Capital on Thursday, June 30. Imperial Capital initiated Callaway Golf Co (NYSE:ELY) on Tuesday, March 15 with “Outperform” rating.

According to Zacks Investment Research, “Callaway Golf Company is designs, develops, manufactures and markets high quality, innovative golf clubs. The Company’s golf clubs are sold at premium prices to both average and skilled golfers on the basis of performance, ease of use and appearance.”

Insitutional Activity: The institutional sentiment decreased to 1.41 in Q2 2016. Its down 0.06, from 1.47 in 2016Q1. The ratio turned negative, as 22 funds sold all Callaway Golf Co shares owned while 52 reduced positions. 28 funds bought stakes while 76 increased positions. They now own 75.32 million shares or 1.95% less from 76.82 million shares in 2016Q1.
Bluecrest Limited, a Guernsey-based fund reported 314,923 shares. First Commercial Bank Of Omaha holds 59,150 shares or 0.04% of its portfolio. The Minnesota-based Us Fincl Bank De has invested 0.01% in Callaway Golf Co (NYSE:ELY). The Pennsylvania-based Tfs Cap Lc has invested 0.31% in Callaway Golf Co (NYSE:ELY). Blackrock Ltd reported 98,488 shares or 0% of all its holdings. Rhumbline Advisers holds 0% or 129,198 shares in its portfolio. Art Advisors Ltd Liability, a New York-based fund reported 245,776 shares. Teachers Incorporated holds 196,272 shares or 0% of its portfolio. Schwab Charles Investment Inc reported 338,497 shares or 0% of all its holdings. Hbk Invests L P has 140,600 shares for 0.01% of their US portfolio. Millrace Asset Gru, a Pennsylvania-based fund reported 156,778 shares. Gruss And Incorporated reported 100,000 shares or 1.23% of all its holdings. Cooper Creek Partners Mgmt Limited Liability Company, a New York-based fund reported 544,524 shares. State Of Tennessee Treasury Department has invested 0% of its portfolio in Callaway Golf Co (NYSE:ELY). Raymond James And Assoc last reported 12,327 shares in the company.

More important recent Callaway Golf Co (NYSE:ELY) news were published by: Fool.com which released: “Why Callaway Golf Co. Stock Was Surging Today” on November 04, 2016, also Prnewswire.com published article titled: “Callaway Golf Company to Broadcast Third Quarter 2016 Financial Results”, Prnewswire.com published: “Rock Ishii Joins Callaway Golf Ball R&D” on November 03, 2016. More interesting news about Callaway Golf Co (NYSE:ELY) was released by: Reuters.com and their article: “BRIEF-Callaway Golf Company to broadcast Q3 2016 financial results” with publication date: October 27, 2016.

ELY Company Profile

Callaway Golf Company, incorporated on May 7, 1999, designs, makes and sells golf clubs, golf balls, golf bags and other golf-related accessories. The Firm has two divisions: 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 Company’s trademarks and service marks and sales of pre-owned golf clubs. The golf balls segment consists of the Company’s balls that are designed, manufactured and sold by the Company. The Firm sells its products to retailers, directly and through its wholly owned subsidiaries, and to third-party distributors. The Firm sells pre-owned golf products through its Website, www.callawaygolfpreowned.com. In addition, the Company sells Odyssey and its products direct to clients through its Websites www.callawaygolf.com and www.odysseygolf.com. The Firm also licenses its trademarks and service marks for use on golf related accessories, including golf apparel and footwear, prescription eyewear, golf gloves, umbrellas and practice aids. The Company’s products are sold in the United States and in approximately 100 countries around the world.

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