Looking Risky to Tee Up Here

Callaway Golf (ELY) closed up 6% Monday, less than one week after the company's new CEO, Oliver Brewer, bought 20,000 shares of the stock at an average price of $5.50. Brewer, before taking the job in March, had previously served as president and CEO of Adams Golf. Another insider, Mark Leposky, bought shares in August at an average price of $5.75, according to our database of insider filings. Insider purchases tend to be bullish signs for a stock because, as a general rule, when these folks invest in companies they should generally prefer to diversify their wealth away from the one from which they receive an income.

However, both of these insiders have already seen good returns on their investment -- so does the stock have further to rise?...490 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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