Topgolf Callaway Brands Corp’s filing revealed that its Director ANDERSON ERIK J unloaded Company’s shares for reported $0.12 million on May 14 ’24. In the deal valued at $15.37 per share,7,500 shares were sold. As a result of this transaction, ANDERSON ERIK J now holds 760,459 shares worth roughly $11.4 million.
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Then, ANDERSON ERIK J sold 10,000 shares, generating $151,900 in total proceeds. Upon selling the shares at $15.19, the Director now owns 767,959 shares.
Before that, ANDERSON ERIK J sold 5,000 shares. Topgolf Callaway Brands Corp shares valued at $72,750 were divested by the Director at a price of $14.55 per share. As a result of the transaction, ANDERSON ERIK J now holds 777,959 shares, worth roughly $11.66 million.
Stephens downgraded its Topgolf Callaway Brands Corp [MODG] rating to an Equal-weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “a Neutral”. Morgan Stanley began covering MODG with “an Underweight” recommendation on September 27, 2023. KeyBanc Capital Markets started covering the stock on April 19, 2023. It rated MODG as “an Overweight”.
Price Performance Review of MODG
On Tuesday, Topgolf Callaway Brands Corp [NYSE:MODG] saw its stock fall -1.64% to $14.99. Over the last five days, the stock has lost -3.17%. Topgolf Callaway Brands Corp shares have risen nearly 4.53% since the year began. Nevertheless, the stocks have fallen -23.68% over the past one year. While a 52-week high of $20.75 was reached on 05/07/24, a 52-week low of $9.84 was recorded on 02/06/24. SMA at 50 days reached $15.69, while 200 days put it at $14.37. A total of 1.58 million shares were traded, compared to the trading of 1.07 million shares in the previous session.
Levels Of Support And Resistance For MODG Stock
The 24-hour chart illustrates a support level at 14.84, which if violated will result in even more drops to 14.68. On the upside, there is a resistance level at 15.20. A further resistance level may holdings at 15.40. The Relative Strength Index (RSI) on the 14-day chart is 41.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 67.57%. Stochastics %K at 46.17% indicates the stock is a holding.
