Newton Golf shares surge 13.08% after-hours as executives and board member buy 173,548 shares post-Q3 results.

Newton Golf Company (NASDAQ:NWTG) surged 13.08% in after-hours trading following a press release disclosing that senior executives and a board member purchased 173,548 shares, raising insider ownership to 8.8%. The purchases, made by CEO Greg Campbell, CFO Jeff Clayborne, and independent director Brett Hoge, coincided with the release of third-quarter results showing revenue of $2.58 million, a 113% year-over-year increase. The insider buying, reported via Form 4 filings, signaled strong confidence in the company’s performance and future prospects, particularly amid sustained demand for its Fast Motion shaft in professional and international markets. The move aligns with the stock’s after-hours rally, reflecting investor optimism driven by both the leadership’s commitment and the company’s robust revenue growth.