TopGolf Callaway Was Soaring This Week: Here's Why [Yahoo! Finance]
Topgolf Callaway Brands Corp. (MODG)
Company Research
Source: Yahoo! Finance
equipment and entertainment company started moving higher after reports a South Korean investor group was going to buy its golf equipment and apparel business. However, management refuted these claims and said they weren't aware of any talks. As of 2:57 p.m. ET on Friday, March 22, shares of TopGolf Callaway are up 13.7% this week. Is the company selling? No, according to management A report surfaced this week in a South Korean newspaper that a Korean investment firm was the frontrunner to acquire Callaway's equipment brands as well as its lifestyle brands, such as Travis Mathew. Korean entities own two of the larger golf-equipment brands in the world -- Titleist and TaylorMade -- making this acquisition of Callaway not far-fetched. According to the report, the TopGolf entertainment business would remain a separate company. TopGolf Callaway's management put out a note to shoot down these claims, saying they are not aware of these talks. Regardless, a report is a report, and in
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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