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Topgolf Callaway stock jumps 11% after director scoops up more than $2 million worth of shares

1. Topgolf Callaway shares surged 11% due to insider buying. 2. Board member Ogunlesi purchased $2.5 million of stock. 3. Insider purchases often signal confidence in a company's future. 4. Shares have struggled, dropping over 50% in the past year. 5. Ogunlesi's purchase is his first since June 2023.

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FAQ

Why Bullish?

Insider buying generally indicates positive sentiment. Similar cases show stocks rising post-director purchases.

How important is it?

Insider purchases often boost investor confidence and can lead to increased stock interest.

Why Short Term?

Insider buying can boost stock prices quickly but may not sustain long-term.

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