Major Investor Makes Bold Exit Move From Callaway Golf

New insider activity at Callaway Golf ( (CALY) ) has taken place on January 28, 2026.Claim 50% Off TipRanks PremiumUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential Significant shareholder PEP TG Investments GP LLC has executed a major sell-off of Callaway Golf stock, unloading 10,000,000 shares in a single transaction. The divestment, valued at $147,000,000, marks a substantial reduction in the investor’s position and represents a noteworthy development for market watchers tracking ownership changes and investor sentiment around Callaway Golf. Recent Updates on CALY stock Over the last 24 hours, Topgolf Callaway Brands (Callaway Golf) has seen notable options activity with a sharp skew toward puts, as put volume ran about three times normal and implied volatility rose ahead of the company’s February 23 earnings report, suggesting increased hedging or bearish positioning despite recent positive fundamental commentary. On the research side, JPMorgan raised its valuation outlook after the PGA Show, citing a structurally stronger industry backdrop, including a more than 20% increase in global golf rounds versus 2019 and a doubling in the number of golfers, which supports a more optimistic long‑term demand profile for Callaway’s products. B. Riley also became more constructive on the company’s prospects, pointing to sustained strength in golf fundamentals, expectations that Callaway’s golf club market share could stabilize by 2026, and greater confidence following the completed separation of Topgolf, which clarifies the pure‑play golf business outlook. The firm additionally highlighted the upcoming Quantum woods launch this year as a specific product catalyst that could help Callaway regain or grow share in the club market. Spark’s Take on CALY Stock According to Spark, TipRanks’ AI Analyst, CALY is a Neutral. The score is held back primarily by weak profitability and deteriorating free cash flow, despite strong technical momentum. Positive catalysts from the earnings call (raised guidance) and corporate actions (Topgolf stake sale, major debt paydown, and buyback authorization) improve the outlook, while valuation remains constrained by a negative P/E and no stated dividend yield. To see Spark’s full report on CALY stock, click here. More about Callaway Golf YTD Price Performance: 28.53% Average Trading Volume: 3,134,237 Technical Sentiment Signal: Buy Current Market Cap: $2.83B