Callaway Golf Adopts $100M Share Buyback Program

Callaway Golf Co (NYSE:ELY) Board of Directors has authorized the repurchase of up to $100 million of the company's shares.
The repurchase can be done either in the open market or in private transactions.
The company held $245 million in cash and equivalents as of March 31, 2022.
Price Action: ELY shares are trading higher by 7.33% at $21.16 on the last check Thursday.