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Fly News Breaks for February 5, 2020
Feb 5, 2020 | 09:45 EDT
Compass Point analyst Casey Alexander believes the conclusions of the USGA's "long-awaited" Distance Insight Project report represent a specific threat to golf's hard goods market share leader Callaway Golf (ELY) and golf ball market share leader Acushnet Holdings (GOLF). The report is quoted as stating that USGA's equipment rules "seek to protect the traditions of the game, to prevent an over-reliance on technological advances rather than on practice and skill, and to preserve skill differentials throughout the game," noted Alexander, who believes the report has to be concerning to golf equipment manufacturers. It seems to him that new golf ball rules seem quite likely, which "could be more problematic for golf ball market share leaders," he added. Alexander has a Buy rating on Callaway shares and a Sell rating on Acushnet.
News For ELY;GOLF From the Last 2 Days
Aug 3, 2021 | 15:45 EDT
Bullish option flow detected in Callaway Golf with 5,716 calls trading, 1.5x expected, and implied vol increasing over 1 point to 50.93%. Aug-21 36 calls and Aug-21 35 calls are the most active options, with total volume in those strikes near 2,900 contracts. The Put/Call Ratio is 0.01. Earnings are expected on August 9th.