Topgolf Callaway Soars on Report It's Exploring Sale, Spinoff [Yahoo! Finance]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Yahoo! Finance
(Bloomberg) -- Topgolf Callaway Brands Corp. jumped the most since May 2022 following a report that the company is exploring a sale of its equipment-making arm. Most Read from Bloomberg Trump Rules Out Vivek Ramaswamy as Running Mate as He Eyes New Team What Happens If Trump Can't Post His $454 Million Bond Ultra-Wealthy Are Souring on Chicago's Most Elite Neighborhood Apple Is in Talks to Let Google Gemini Power iPhone AI Features US Weighs Sanctioning Huawei's Secretive Chinese Chip Network Shares climbed as much as 12% Wednesday after the Chosun Daily reported that the Callaway Golf business would be valued at nearly $3 billion in a potential deal, citing sources in the investment banking industry. Topgolf Callaway's major shareholders will spin off Topgolf, the chain of high-tech driving ranges, and sell only Callaway, the news outlet said. The report comes as the golf industry struggles to hold onto a pandemic boom in the sport. The uncertainty has done little to
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MODG
News
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at B. Riley from $18.00 to $21.00. They now have a "buy" rating on the stock.MarketBeat
- Topgolf Callaway Brands to Release First Quarter 2024 Financial ResultsPR Newswire
- Topgolf Callaway Brands Corp. (NYSE: MODG) had its price target raised by analysts at Truist Financial Co. from $18.00 to $20.00. They now have a "buy" rating on the stock.MarketBeat
- [Latest] Global Golf Training Aids Market Size/Share Worth USD 4.6 Billion by 2033 at a 5.7% CAGR: Custom Market Insights (Analysis, Outlook, Leaders, Report, Trends, Forecast, Segmentation, Growth, Growth Rate, Value) [Yahoo! Finance]Latest
- Topgolf Callaway Brands (NYSE:MODG) shareholders have endured a 47% loss from investing in the stock three years ago [Yahoo! Finance]Yahoo! Finance
MODG
Earnings
- 2/13/24 - Beat
MODG
Sec Filings
- 4/24/24 - Form 4
- 4/18/24 - Form ARS
- 4/18/24 - Form DEFA14A
- MODG's page on the SEC website