CALY Callaway Golf Company

XNYS 14.36 Delayed
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Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading

Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.

CALY $14.36 —
Key stats
$14.36
52-Week Range
$12.26 – $20.28
YTD
-5.15%
IV Rank (30D)
55.87
Straddle Price
$1.75
P/C Vol Ratio
1.20
Market Cap
$2.5B
Open
$14.02
Day Range
$14.02 – $14.47
Volume
1,809,060
Prev Close
$14.05
Fair Value
MODEL: NEUTRAL

A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.

  • DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
  • Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
  • DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
  • P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
  • Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
  • Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
  • Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
  • Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
10-yr Treasury (rf)5.12%
Beta vs SPY1.22
Cost of Equity (CAPM)11.85% (VRP-adj)
WACC12.05%
Volatility Risk Premium+95.1pp (IV − HV30), ERP adj +50bps
Effective Tax Rate30.6%
Rev. Growth (YoY, DCF input)+3.0%
DCF Horizon10 years explicit + fade
Forward Tilt (NTM/TTM)×1.03 (applied to P/E, EV/EBITDA, P/S)
Free Cash Flow (TTM)$0.3B
Return on Equity (TTM)7.1%
Book / Price79.0% — banking bias active (P/B is primary)
Gross Margin (TTM)55.4%
FCF Margin (TTM)12.5%
Debt / Equity0.00
Quality Score2/6 — normal (10y DCF)
Market-Implied Growth-1.1% (reverse-DCF on current price)
SMA 50$14.92 (Market Anchor value)
SMA 20 / Bollinger Mid$14.05
Bollinger Width / SMA2054.6% (drives anchor stability)
Net Debt$-0.3B
Market Cap$3B
Peers used for multiples: BWA, DAL, LTH (filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
5%
20-Day Fair Value
≈ by Nov 23, 2026
$14.52
α +1.1% rank 38%
conviction
64%
40-Day Fair Value
≈ by Dec 22, 2026
$14.69
α +2.3% rank 37%
conviction
70%
60-Day Fair Value
≈ by Jan 20, 2027
$14.38
α +0.1% rank 39%
conviction
5%
MethodImplied PriceWeightDetail
DCF $17.57 0%
DDM (Gordon) n/a 0%
Peer P/E $17.86 11% median 21.9× · 3 peers
Peer EV/EBITDA $8.92 11% median 6.6× · 3 peers
Peer P/B $25.75 11% median 2.3× · 3 peers
Peer P/S $9.90 11% median 0.8× · 3 peers
Market Anchor (SMA50) $14.92 57% stability 78% (BB-width)
Options Expected (B-L 30d) $14.29 0% 5 strikes · skew +0.09
As of 2026-10-23 · updated
About
Industry (SIC)
SPORTING & ATHLETIC GOODS, NEC (3949) · industry map
Exchange
XNYS
Market Cap
$2.5B
Employees
28,000
List Date
1992-02-28
CIK
0000837465
Next Earnings
2026-11-05 (After-Close)
EPS Forecast
$0.01 (6 est.)
Headquarters
Carlsbad, CA
Homepage
https://ir.callawaygolf.com

Callaway Golf Co is a golf equipment, gear and apparel company with a portfolio of world-wide brands, including Callaway Golf, Odyssey, TravisMathew, and OGIO. Callaway designs, manufactures, and sells high-performance golf clubs, golf balls, apparel, bags, and other accessories-setting the standard for performance in the game of golf. The company has two operating and reportable business segments: Golf Equipment and Apparel, Gear and Other. Geographically, the company operates in United States, Europe, Asia, and Rest of World, of which it derives maximum revenue from United States.

Summary
—
composite
—
No summary data available for this symbol yet.

Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.

Chart
Seasonality
'23'24'26Avg
Jan--0.07%-5.22%-2.57%
Feb---0.03%-1.88%-0.95%
Mar--0.15%-2.25%-1.05%
Apr--0.07%10.71%5.39%
May--0.30%1.58%0.94%
Jun--0.39%23.29%11.84%
Jul0.01%0.56%-1.83%-0.42%
Aug0.25%0.48%-17.71%-5.66%
Sep-0.41%0.30%-9.27%-3.13%
Oct0.12%-0.03%0.28%*0.12%
Nov1.17%----1.17%
Dec0.27%----0.27%
Total1.41%2.28%-7.36%-1.22%
* Only 3 year(s) of data available.
Technical Indicators

Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.

Trend Indicators
  • SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
  • EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
  • MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
  • ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
  • +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
  • RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
  • Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
  • Williams %R — inverted scale: <−80 oversold, >−20 overbought.

Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.

Volume & Volatility
  • Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
  • OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
  • Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
  • ATR / True Range — average daily $ move; sizing and stop-loss reference.
  • HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.

Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →

Trend Indicators

SMA 20: $14.05
SMA 50: $14.92
SMA 200: $16.71
Current: $14.36
EMA 12: $14.04
EMA 26: $14.32
MACD: -0.2798 | Signal: 0.1131
BEARISH
ADX (14): 34.77
TREND
+DI: 21.78
−DI: 20.36

Momentum Oscillators

RSI (14): 50.36
NEUTRAL
Stoch %K: 64.32
Stoch %D: 48.56
Williams %R: -11.98

Volume & Volatility

BB Upper: $14.59
BB Lower: $13.51
NEUTRAL
OBV: -30,009,897
Vol SMA 20: 1,850,320
Vol ROC: -34.00%
ATR: $0.39
True Range: $0.45
HV 20: 25.4%
HV 30: 23.4%
HV 60: 31.0%

Data Summary

Data Points: 500
Last Updated:
Date Range: 2023-07-24T00:00:00 – 2026-10-22T00:00:00
AI Analysis

CALY (Callaway Golf) - Comprehensive Stock Analysis Report

Executive Summary

Overall Assessment: BEARISH | Confidence Level: 7/10

Callaway Golf is exhibiting strong technical deterioration with multiple bearish signals despite some positive fundamental developments. The stock has broken below key moving averages and is trading in a well-defined downtrend, with oversold RSI readings and bearish MACD positioning offering only modest oversold bounce potential. Recent insider buying and industry strength represent counterarguments, but technical momentum remains decisively negative.

Investment Thesis: CALY faces a structural downtrend (price 23.9% below 200-day MA) driven by negative momentum, though oversold conditions (RSI 27.91) and insider accumulation suggest a potential near-term bounce. The disconnect between improving sentiment headlines and deteriorating technicals creates elevated near-term uncertainty; near-term relief rally possible, but downtrend trajectory remains intact without a technical reversal catalyst.

Recent News Sentiment Impact: News headlines are predominantly positive/neutral (insider buying, industry partnerships, experiential marketing), but these have failed to arrest the downtrend, suggesting the market is discounting fundamentals against broader headwinds (likely macro, sector rotation, or company-specific challenges not reflected in recent headlines).

Technical Analysis

Trend Direction

| Timeframe | Direction | Confidence | Key Evidence | |-----------|-----------|-----------|--------------| | Short-term (1-4 weeks) | BEARISH | HIGH | Price $13.54 below SMA20 ($14.24), EMA12 ($13.99), and SMA50 ($15.33); MACD negative; ADX 45.90 confirms strong downtrend | | Medium-term (1-3 months) | BEARISH | HIGH | Price 11.6% below SMA50 and 23.9% below SMA200; downtrend established and persistent | | Long-term (3-12 months) | BEARISH | HIGH | SMA200 at $17.80 provides distant resistance; stock would need 31.3% move to reclaim 200-day MA |

Support/Resistance Levels

CRITICAL LEVELS TO MONITOR:

| Level | Type | Significance | Distance | |-------|------|--------------|----------| | $13.48 | Support | Bollinger Band lower band; psychological floor | -0.4% (imminent) | | $13.20 | Support | Potential technical floor; round number | -2.6% | | $12.80 | Support | Intermediate technical support | -5.5% | | $14.24 | Resistance | SMA 20 (current overhead resistance) | +5.2% | | $14.99 | Resistance | Bollinger Band upper band | +10.6% | | $15.33 | Resistance | SMA 50 (significant structural barrier) | +13.2% | | $17.80 | Resistance | SMA 200 (major structural resistance) | +31.3% |

Momentum Signals

RSI (14): 27.91 — OVERSOLD TERRITORY

  • Deep oversold reading (<30 threshold) typically suggests capitulation and potential mean-reversion bounce
  • However, oversold doesn't equal bullish—strong downtrends can sustain oversold RSI for extended periods
  • Bounce potential exists, but likely limited without a reversal catalyst
  • Historical context: Stock has been in strong downtrend (ADX 45.90), so oversold reading may indicate exhaustion

MACD: -0.49 / Signal: 0.00 / Histogram: -0.49 — BEARISH

  • MACD line (-0.49) is below signal line (0.00), confirming negative momentum
  • Negative histogram (-0.49) indicates bearish divergence persisting
  • No bullish crossover visible; MACD would need to cross above signal line (currently at 0.00) for momentum reversal
  • Current positioning suggests momentum likely to remain negative in near term

Bollinger Bands: NEUTRAL/SLIGHTLY BEARISH

  • Price ($13.54) trading near lower band ($13.48), indicating extreme lower range
  • Band width of 10.57 shows moderate volatility (neither squeezed nor extremely wide)
  • Price touching lower band typically suggests oversold conditions, but in downtrend context, lower band can act as new support
  • Risk: Additional downside pressure could push price below lower band

Volume Analysis

BEARISH VOLUME SIGNALS:

  • On-Balance Volume (OBV): -31,123,064.31 — Deeply negative, indicating sustained selling pressure and institutional distribution
  • Volume Rate of Change: -17.74% — Declining volume on selloff; reduced trading interest suggests institutions liquidating positions rather than retail capitulation
  • Volume SMA 20: 2,372,434.75 — Moderate average volume; recent decline suggests waning participation
  • Interpretation: OBV deep negative suggests institutional exits; typical of material downtrends where large holders are exiting positions. This is more concerning than retail panic selling.

News & Sentiment Analysis

Recent Headlines Summary

| Date | Headline | Sentiment | Relevance | |------|----------|-----------|-----------| | 2026-05-22 | FIVE IRON GOLF Fort Worth welcomes Charles Schwab Challenge | POSITIVE | Brand partnership/marketing; experiential engagement | | 2026-05-20 | Women's Golf Month program with Golf Digest | NEUTRAL | Seasonal promotion; industry participation | | 2026-04-08 | O'Keefe Stevens increased stake to 1.2M shares | NEUTRAL | Insider buying signal; suggests confidence | | 2026-03-06 | Claar Advisors initiates stake; golf equipment demand strong | POSITIVE | Insider buying; industry fundamentals cited as strong |

Sentiment Assessment

Aggregate News Sentiment: POSITIVE/NEUTRAL (40% Positive, 60% Neutral)

The recent news flow is constructive:

  • Insider accumulation (two separate advisory firms initiating positions in March-April) suggests informed parties see value
  • Industry fundamentals explicitly cited as "strong" (golf equipment demand)
  • Brand partnerships (Five Iron Golf, Golf Digest, Charles Schwab Challenge sponsorship) indicate active marketing and engagement

Critical Disconnect: Positive news and insider buying have failed to stabilize price, which continues accelerating lower. This suggests either:

  1. Market is discounting headwinds (macro weakness, consumer spending pressure, sector rotation out of leisure)
  2. News is stale or insufficient to overcome existing bearish momentum
  3. Broader golf industry facing headwinds despite stated demand

Catalyst Identification

IMMEDIATE (1-7 days):

  • Potential technical bounce from oversold RSI/Stochastic readings
  • Options market pricing $1.28 move by 7-DTE (7-day expiration); current price near lower Bollinger Band suggests technical support likely

NEAR-TERM (1-4 weeks):

  • Next earnings: November 5, 2026 (5+ months away; not a near-term catalyst)
  • No announced catalysts in headline data
  • Seasonal factors: Summer golf season typically supportive (June-August); current weakness despite this seasonality is concerning

MEDIUM-TERM (1-3 months):

  • Earnings cycle: Recent earnings (2026-05-07) did not stabilize stock; need to assess whether May earnings disappointed
  • Q2/Q3 earnings could provide catalyst (late July-August)

Market Narrative Analysis

Narrative Conflict: The market narrative diverges sharply between fundamental signals and price action:

  • Bullish Narrative (News/Insiders): Golf equipment demand remains strong; company attracting insider capital; brand partnerships active
  • Bearish Narrative (Price Action): Stock in strongest downtrend of year (ADX 45.90); institutional selling (negative OBV -31M); breaking below all key moving averages

Implication: This divergence suggests a capitulation phase where fundamentals are being overwhelmed by technical/macro pressure. Historically, such divergences can mark reversal points, but timing is uncertain.

Risk & Volatility Assessment

Beta Interpretation

Beta: 1.26 (High Volatility)

  • Stock moves 26% more than SPY; classified as high-beta, cyclical name
  • In market downturns, CALY experiences disproportionate losses
  • In market upturns, CALY benefits from disproportionate gains
  • **
Generated
Earnings History
1 of 3 under expected move
Avg Expected Move
11.55%
Avg Actual Move
12.01%
Each row pairs the pre-earnings straddle-implied expected move with the realized close-to-close move. Sorted oldest first.
Earnings Date Timing Expected Move Actual Move Ratio Outcome
2026-02-12 After-Close 12.15% 15.05% 1.24x Exceeded
2026-05-07 After-Close 10.49% 18.62% 1.78x Exceeded
2026-08-04 After-Close 12.01% 2.35% 0.20x Within

Earnings calendar: this week’s reports with expected vs actual moves →

CALY Options Activity & IV Rank

CALY IV rank history, 52-week IV rank and IV percentile →

Volatility Metrics

Current IV: 52.7%
7-DTE IV: —
Expected Move: $1.75
7-DTE Move: $1.75
Days to Exp: 29 (2026-11-20)

Options Flow

Call Volume: 41
Put Volume: 49
P/C Volume: 1.195
NEUTRAL
Call OI: 1,192
Put OI: 516
P/C OI: 0.433
Total OI: 1,708

ATM Options Pricing

ATM Call: $0.60
ATM Put: $1.15
Call %: 4.2%
Put %: 8.0%

Chain Summary

Chain Volume: 385
Chain OI: 8,919
Last Updated: 10/22/2026
Spread Scanner GPU
Full Algorithm Docs ↗

Each spread is ranked by a composite score built in three stages. Full documentation →

Stage 1 — Base Score (GPU scanner)

score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.

Stage 2 — Skew Adjustment (±25% cap)

RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.

Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
  • RSI <40 bullish / >60 bearish
  • MACD crossover + histogram trend
  • Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
  • Stochastic %K <20 / >80
  • Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
  • Blended ATR + straddle expected-move penalty
  • Bollinger Band signal (+ counter-trend penalty)
  • BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
  • IV rank ≥ 75 → strong boost for credit spreads
  • IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
  • Min open interest across all legs
  • OI < 100 → −0.10 · OI < 500 → −0.05

score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →

Enter a ticker to scan for optimal spread opportunities.

Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.

Dealer Positioning
TYPICAL γ

Estimated net dealer gamma is at the 41st percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.

Gamma percentile
41%
vs own history
GEX tilt
+0.25
OI-weighted, today
Vanna tilt
+0.59
δ-sensitivity to IV
Charm tilt
-0.66
δ-decay vs time
Vanna tilt +0.59: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.66: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.

Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.

Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.

Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.

This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.

· 11 ATM contracts, 1k total OI
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Metric:
Wing vs ATM
IV(put wing) − IV(ATM), in vol points

How much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.

  • Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
  • Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
  • Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
  • Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each side

Which side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.

  • Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
  • Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
  • Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
  • Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together

Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:

  • High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
  • Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
  • Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d —
— pts EXTREME
as of Oct 22 · No data
30 DTE / 10d —
— pts EXTREME
as of Oct 22 · ATM 50.7% / Wing —

Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.

Volatility Surface

Enter a ticker to render the implied volatility surface.

Volatility Smile

Enter a ticker to render the implied volatility smile.

IV Rank (7 DTE)
IV Rank (30 DTE)55.9MediumOct 22
Straddle Price (30 DTE)$1.75Oct 22
Beta Analysis

Risk Metrics

Beta: 1.2230
Alpha: -104.29%
Correlation: 0.1748
R-Squared: 3.1%
Stock Volatility: 92.5%
Market Volatility: 13.2%

Analysis Details

Benchmark: SPY
Data Points: 193
Period: 252 trading days
Interpretation:
High volatility - stock moves more than market
Beta & Alpha Over Time
Notable investors who own CALY
6 of 37 tracked investors
InvestorValueShare of their portfolioRankQ/Q sharesSource
Citadel Hedge fund
Ken Griffin
$32.4M
0.02%
#892 of 6285-5.9%13F
Renaissance Technologies Hedge fund
Jim Simons
$25.2M
0.03%
#598 of 3138+44.7%13F
Point72 Hedge fund
Steve Cohen
$22.3M
0.03%
#560 of 1945-49.1%13F
Millennium Management Hedge fund
Izzy Englander
$12.6M
0.01%
#1423 of 3716new13F
Bridgewater Associates Hedge fund
Ray Dalio
$1.3M
0.01%
#798 of 997+61.8%13F
Rockefeller Capital Management Family office
Rockefeller family
$138K
0.00%
#2802 of 4729+196.8%13F

Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions

CALY Institutional Ownership (13F)

Latest filings — 2026-09-30
Diluted shares outstanding: 190,600,000 (as of 2026-06-30)

Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.

  • Shares — long equity positions in this name, aggregated across share classes.
  • Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
  • % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
  • Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.

Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.

331 filers173,075,737 shares$3.11B value90.81% of float
# Filer Shares Value % of Total % of Float Period
1 BlackRock, Inc. Custodian 21,245,111 $399.20M 12.86% 11.15% 2026-06-30
2 Wellington Management Group LLP Custodian 14,282,573 $268.37M 8.64% 7.49% 2026-06-30
3 Dimensional Fund Advisors LP Custodian 10,020,519 $188.29M 6.06% 5.26% 2026-06-30
4 Vanguard Group Inc Custodian 16,062,805 $187.45M 6.04% 8.43% 2025-12-31
5 Vanguard Portfolio Management LLC 8,356,463 $157.02M 5.06% 4.38% 2026-06-30
6 American Century Companies, Inc. 6,873,031 $129.14M 4.16% 3.61% 2026-06-30
7 Vanguard Capital Management LLC 5,819,257 $109.34M 3.52% 3.05% 2026-06-30
8 State Street Corp 5,524,929 $103.81M 3.34% 2.90% 2026-06-30
9 JACOBS LEVY EQUITY MANAGEMENT, INC 4,226,658 $79.42M 2.56% 2.22% 2026-06-30
10 Geode Capital Management, LLC Custodian 4,024,811 $75.64M 2.44% 2.11% 2026-06-30
11 SHAPIRO CAPITAL MANAGEMENT LLC 3,724,280 $69.98M 2.25% 1.95% 2026-06-30
12 Principal Financial Group, Inc. 3,552,398 $66.75M 2.15% 1.86% 2026-06-30
13 Goldman Sachs Group Inc Custodian 3,257,622 $61.21M 1.97% 1.71% 2026-06-30
14 Morgan Stanley Custodian 2,810,380 $52.81M 1.70% 1.47% 2026-06-30
15 Victory Capital Management Inc. 2,752,071 $51.71M 1.67% 1.44% 2026-06-30
16 Charles Schwab Investment Management, Inc. 2,497,908 $46.94M 1.51% 1.31% 2026-06-30
17 Northern Trust Corp Custodian 2,226,682 $41.84M 1.35% 1.17% 2026-06-30
18 Invesco Ltd. Custodian 2,223,048 $41.77M 1.35% 1.17% 2026-06-30
19 Bank of America Corp Custodian 2,014,233 $37.85M 1.22% 1.06% 2026-06-30
20 Nicholas Investment Partners, LP 1,954,378 $36.72M 1.18% 1.03% 2026-06-30
21 Citadel Advisors LLC Custodian 1,726,458 $32.44M 1.04% 0.91% 2026-06-30
22 FMR LLC Custodian 1,707,162 $32.08M 1.03% 0.90% 2026-06-30
23 JPMorgan Chase & Co Custodian 1,661,779 $32.05M 1.03% 0.87% 2026-06-30
24 BRIDGEWAY CAPITAL MANAGEMENT, LLC 1,500,377 $28.19M 0.91% 0.79% 2026-06-30
25 JUPITER ASSET MANAGEMENT LTD 1,498,604 $28.16M 0.91% 0.79% 2026-06-30
10 filers$22.83M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $5.08M 22.25% 2026-06-30
2 D. E. Shaw & Co., Inc. Custodian $4.16M 18.24% 2026-06-30
3 Jane Street Group, LLC Custodian $3.75M 16.43% 2026-06-30
4 GROUP ONE TRADING LLC Custodian $2.66M 11.66% 2026-06-30
5 IMC-Chicago, LLC Custodian $2.39M 10.47% 2026-06-30
6 Simplex Trading, LLC Custodian $2.05M 8.99% 2026-06-30
7 Citadel Advisors LLC Custodian $2.02M 8.85% 2026-06-30
8 Wolverine Trading, LLC Custodian $415.22K 1.82% 2025-09-30
9 Walleye Trading LLC $214.21K 0.94% 2026-06-30
10 Persistent Asset Partners Ltd $81.98K 0.36% 2026-06-30
11 filers$11.14M notional
# Filer Notional Value % of Total Period
1 Susquehanna International Group, LLP Custodian $3.19M 28.60% 2026-06-30
2 Two Sigma Investments, LP Custodian $1.89M 16.96% 2026-06-30
3 Citadel Advisors LLC Custodian $1.64M 14.70% 2026-06-30
4 Crawford Fund Management, LLC $1.41M 12.65% 2026-06-30
5 Jane Street Group, LLC Custodian $1.02M 9.14% 2026-06-30
6 Walleye Trading LLC $839.91K 7.54% 2026-06-30
7 GROUP ONE TRADING LLC Custodian $392.71K 3.52% 2026-06-30
8 IMC-Chicago, LLC Custodian $332.58K 2.98% 2026-06-30
9 Walleye Capital LLC $152.20K 1.37% 2026-06-30
10 Simplex Trading, LLC Custodian $144.68K 1.30% 2026-06-30
11 Wolverine Trading, LLC Custodian $138.41K 1.24% 2025-09-30

CALY Insider Trading (Form 4)

Latest: 2026-09-16
Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
Filed Reporter Role Action Shares Avg Price Net $ Link
2026-09-16 Mark D. Mandel Director Award (A) +1,657 — EDGAR
2026-09-16 Russell L Fleischer Director Award (A) +1,906 — EDGAR
2026-09-16 Adebayo O. Ogunlesi Director Award (A) +1,823 — EDGAR
2026-08-26 Timothy R. Reed EVP, Golf R&D, Strategy & Fit Mixed +5,977 $15.74 -$110.4K EDGAR
2026-08-26 Jennifer L. Thomas SVP, Chief Accounting Officer Mixed +2,988 $15.74 -$55.2K EDGAR
2026-08-10 Glenn F. Hickey EVP & Pres., Callaway Sales Sell (S) −28,843 $18.74 -$540.6K EDGAR
2026-08-10 Oliver G Brewer III President and CEO Sell (S) −68,874 $18.29 -$1.26M EDGAR
2026-06-15 Adebayo O. Ogunlesi Director Award (A) +1,611 — EDGAR
2026-06-15 Russell L Fleischer Director Award (A) +1,684 — EDGAR
2026-05-29 Bavan Holloway Director Exer (M) +18,546 — EDGAR
2026-05-29 Linda B Segre Director Exer (M) +18,546 — EDGAR
2026-05-29 Adebayo O. Ogunlesi Director Exer (M) +18,546 — EDGAR
2026-05-29 Russell L Fleischer Director Exer (M) +18,546 — EDGAR
2026-05-29 John F Lundgren Director Exer (M) +18,546 — EDGAR
2026-05-29 Anthony S Thornley Director Exer (M) +18,546 — EDGAR
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.

CALY Insider Holdings

17 insiders · @ $14.36
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
# Insider Role Shares Disclosed Exposure Lifetime OM Net Filings Last Filed
1 PEP TG Investments GP LLC 10%+ Owner 11,175,226 $160.48M -$294.00M 1 2026-01-28
2 Mark F Leposky EVP,Chief Supply Chain Officer 351,747 $5.05M $0 5 2026-04-23
3 Brian P. Lynch EVP, CFO 335,036 $4.81M $0 4 2026-03-16
4 Oliver G Brewer III President and CEO 271,659 $3.90M -$1.26M 7 2026-08-10
5 Adebayo O. Ogunlesi Director 260,758 $3.74M $0 5 2026-09-16
6 Timothy R. Reed EVP, Golf R&D, Strategy & Fit 172,482 $2.48M $0 2 2026-08-26
7 Russell L Fleischer Director 157,769 $2.27M $0 5 2026-09-16
8 John F Lundgren Director 120,956 $1.74M $0 2 2026-05-29
9 Anthony S Thornley Director 107,330 $1.54M $0 2 2026-05-29
10 Jennifer L. Thomas SVP, Chief Accounting Officer 87,665 $1.26M $0 5 2026-08-26
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.

CALY Board & Officers

As of SEC filings through Sep 16, 2026

Directors 8

Officers 7

10% owners 1

Changes in the last 10 years (62)
May 21, 2026Varsha Rajendra Rao reported in an SEC filing no longer being a director
May 21, 2026Mark D. Mandel became a director
May 21, 2026Erik J Anderson reported in an SEC filing no longer being a director
Feb 25, 2026Timothy R. Reed became EVP, R&D and Tour
Feb 25, 2026Angela J. Deskins became EVP, Chief People Officer
Feb 23, 2026Glenn F. Hickey listed as EVP & Pres., Callaway Sales (previously EVP & Pres., Callaway Golf) in SEC filings
Jan 28, 2026PEP TG Investments GP LLC reported in an SEC filing no longer being a 10% owner
Jan 28, 2026Michael J Dominguez reported in an SEC filing no longer being a 10% owner
Jan 2, 2026Rebecca Fine reported in an SEC filing no longer being EVP, Global CPO
Dec 2, 2025The company announced the departure of C. Matthew Turney from the board in an SEC filing
Aug 25, 2025The company announced the departure of Scott M. Marimow from the board in an SEC filing
Jul 29, 2025The company announced the departure of Artie Starrs as CEO, Topgolf in an SEC filing
May 30, 2025Laura Jean Flanagan reported in an SEC filing no longer being a director
Jun 4, 2024Glenn F. Hickey listed as EVP & Pres., Callaway Golf (previously EVP, Callaway Golf) in SEC filings
Apr 24, 2024Mark F Leposky listed as EVP,Chief Supply Chain Officer (previously EVP, Global Operations) in SEC filings
Jun 15, 2023Thomas G. Dundon first listed as a 10% owner in an SEC filing
Jun 6, 2023C. Matthew Turney became a director
May 22, 2023Rebecca Fine listed as EVP, Global CPO (previously EVP, Chief People Officer) in SEC filings
Mar 28, 2023The company announced the departure of Thomas G. Dundon from the board in an SEC filing
Feb 21, 2023The company announced the departure of Scott H Baxter from the board in an SEC filing
Not reported recently (8)
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.

CALY Proposed Insider Sales (Form 144)

Latest: 2026-08-06
Last 30d: 0 filings  ·  Last 90d: 2 filings · $5.6M notice value · 2 unique filers

What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.

How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.

10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.

"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.

Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.

Top 90-day filers: BREWER OLIVER G III (1, $5.0M) · GLENN HICKEY (1, $541K)
Filed Filer Role Shares Notice Value Planned Sale Broker Plan Link
2026-08-06 GLENN HICKEY Officer 28,843 $540.6K 2026-08-06 Morgan Stanley Smith Barney LLC … — EDGAR
2026-08-06 144/A BREWER OLIVER G III Officer, Director 272,474 $5.03M 2026-08-06 CAPIS — EDGAR
2026-01-26 PEP TG Investments LP 10% Stockholder 10,000,000 $156.00M 2026-01-26 BofA Securities, Inc. — EDGAR
2025-08-12 ARTHUR STARRS Officer 106,734 — 2025-08-12 Morgan Stanley Smith Barney LLC … — EDGAR
2025-08-08 Erik Anderson Director 25,704 — 2025-08-08 Morgan Stanley Smith Barney LLC … — EDGAR
2024-02-16 TGP Advisors, LLC Director 2,028 $30.0K 2024-02-16 MORGAN STANLEY SMITH BARNEY LLC,… — EDGAR
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
ETF Holders
105 ETFs hold CALY
25 shown · $636.85M total exposure · 0.11% AUM-weighted avg weight
# ETF Provider Weight $ Exposure ETF AUM As Of
1 IJR iShares Core S&P Small-Cap ETF iShares (BlackRock) 0.13% $129.9M $103.8B 2026-10-21
2 IWM iShares Russell 2000 ETF iShares (BlackRock) 0.08% $55.9M $74.2B 2026-10-21
3 VTI Vanguard Morningstar Total Stock Market ETF Vanguard 0.00% $52.1M — 2026-09-30
4 DFSV Dimensional US Small Cap Value ETF Dimensional 0.18% $48.3M — 2026-10-21
5 VB Vanguard Morningstar Small-Cap ETF Vanguard 0.02% $36.8M — 2026-09-30
6 FESM Fidelity Enhanced Small Cap Core ETF Fidelity 0.40% $26.7M $6.6B 2026-10-21
7 VXF Vanguard Extended Market ETF Vanguard 0.03% $24.6M — 2026-09-30
8 VBR Vanguard Morningstar Small-Cap Value ETF Vanguard 0.04% $23.9M — 2026-09-30
9 DFAT Dimensional US Targeted Value ETF Dimensional 0.08% $23.5M — 2026-10-21
10 IWN iShares Russell 2000 Value ETF iShares (BlackRock) 0.15% $20.9M $13.9B 2026-10-21
11 DFAS Dimensional US Small Cap ETF Dimensional 0.06% $20.0M — 2026-10-21
12 SPSM State Street® SPDR® Portfolio S&P 600™ Small Cap ETF SPDR (State Street) 0.13% $19.8M $15.8B 2026-10-21
13 AVUV Avantis U.S. Small Cap Value ETF Avantis 0.06% $18.6M $31.5B 2026-10-21
14 BSVO EA Bridgeway Omni Small-Cap Value ETF Nport 0.69% $16.5M — 2026-06-30
15 FNDA Schwab Fundamental U.S. Small Company ETF Nport 0.16% $13.9M — 2026-05-31
16 CALF Pacer US Small Cap Cash Cows 100 ETF Nport 0.39% $13.4M — 2026-04-30
17 VTWO Vanguard Russell 2000 ETF Vanguard 0.07% $13.1M — 2026-09-30
18 IJT iShares S&P Small-Cap 600 Growth ETF iShares (BlackRock) 0.17% $12.9M $7.6B 2026-10-21
19 XSMO Invesco S&P SmallCap Momentum ETF Invesco 0.43% $12.0M — 2026-10-21
20 DFAC Dimensional US Core Equity 2 ETF Dimensional 0.01% $11.9M — 2026-10-21
21 SCHA Schwab U.S. Small-Cap ETF Nport 0.05% $10.4M — 2026-05-31
22 DFMC Dimensional US Micro Cap ETF Dimensional 0.11% $8.6M — 2026-10-21
23 SLYG State Street® SPDR® S&P 600™ Small Cap Growth ETF SPDR (State Street) 0.17% $7.9M $4.6B 2026-10-21
24 VIOO Vanguard S&P Small-Cap 600 ETF Vanguard 0.13% $7.7M — 2026-09-30
25 PRFZ Invesco RAFI US 1500 Small-Mid ETF Nport 0.25% $7.0M — 2026-07-31
Fundamentals

Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.

Metrics
  • Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
  • Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
  • Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
  • Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
  • Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
  • YoY growth — compare to the same quarter a year earlier to remove seasonality.
  • Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
  • Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.

TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.

Trailing P/E
18.18
TTM Diluted EPS
$0.79
TTM Revenue
$2.23B
TTM Net Income
$153.60M
TTM Op. Cash Flow
$372.80M
Quarterly figures (2 quarters)
QuarterPeriod EndRevenueNet IncomeDiluted EPSOp. Cash Flow
Q2 '262026-06-30$612.20M$75.20M$0.40$249.50M
Q1 '262026-03-31$687.50M$93.10M$0.47$-169.00M
Q2 2026 • period ending 2026-06-30 • filed 2026-08-04
Valuation

Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.

Price Multiples
  • P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
  • P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
  • P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
  • EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
  • EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
  • ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
  • ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
  • Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
  • FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
  • Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
  • Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
  • Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
  • Multiples expanding while earnings are flat = sentiment-driven rally.
  • Multiples compressing while earnings grow = value coming from fundamentals.
P/E
18.18
P/B
1.27
P/S
1.23
EV/EBITDA
11.67
EV/Sales
1.10
ROE
7.1%
ROA
5.5%
Div Yield
0.00%
FCF Yield
13.62%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$2.74B
as of 2026-10-22
Short Interest & Float

Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.

Metric definitions
  • Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
  • SI % of Float — short interest / free float. The key crowding metric.
  • Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
  • Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
  • Free Float — shares available for public trading (total shares minus insider / restricted).
  • Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
  • SI % of Float < 5% — typical, no particular signal.
  • 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
  • 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
  • >30% — extreme; borrow is likely expensive and squeeze risk is material.
  • Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
  • Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
  • A sudden drop in SI after a rally may indicate a squeeze in progress.

Short interest is reported mid-month and end-of-month; short volume is daily.

Short Interest
6.16M
SI % of Float
4.62%
Days to Cover
2.33
Short Vol Ratio
71.2%
Free Float
133.28M
Float %
74.7%
Short interest 2026-09-30 • Short volume 2026-10-22 • Float 2026-08-24