Topgolf Callaway Brands Corp’s filing revealed that its Director ANDERSON ERIK J unloaded Company’s shares for reported $0.15 million on May 10 ’24. In the deal valued at $15.19 per share,10,000 shares were sold. As a result of this transaction, ANDERSON ERIK J now holds 767,959 shares worth roughly $8.01 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, ANDERSON ERIK J sold 7,500 shares, generating $115,275 in total proceeds. Upon selling the shares at $15.37, the Director now owns 760,459 shares.
Before that, ANDERSON ERIK J sold 10,000 shares. Topgolf Callaway Brands Corp shares valued at $151,200 were divested by the Director at a price of $15.12 per share. As a result of the transaction, ANDERSON ERIK J now holds 782,959 shares, worth roughly $8.17 million.
Jefferies downgraded its Topgolf Callaway Brands Corp [MODG] rating to a Hold from a a Buy in a research note published on August 29, 2024; the price target was decreased to $12 from $40. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late August from “an Outperform” to “an Underperform”. KeyBanc Capital Markets also remained covering MODG and has decreased its forecast on August 08, 2024 with a “Sector weight” recommendation from previously “an Overweight” rating. BofA Securities revised its rating on August 08, 2024. It rated MODG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of MODG
On Tuesday, Topgolf Callaway Brands Corp [NYSE:MODG] saw its stock fall -1.97% to $10.43. Over the last five days, the stock has gained 5.35%. Topgolf Callaway Brands Corp shares have fallen nearly -27.27% since the year began. Nevertheless, the stocks have fallen -17.55% over the past one year. While a 52-week high of $16.89 was reached on 07/31/24, a 52-week low of $9.05 was recorded on 09/12/24. SMA at 50 days reached $10.74, while 200 days put it at $13.92.
Levels Of Support And Resistance For MODG Stock
The 24-hour chart illustrates a support level at 10.30, which if violated will result in even more drops to 10.16. On the upside, there is a resistance level at 10.68. A further resistance level may holdings at 10.93. The Relative Strength Index (RSI) on the 14-day chart is 48.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.96%. Stochastics %K at 50.99% indicates the stock is a holding.
How much short interest is there in Topgolf Callaway Brands Corp?
A steep rise in short interest was recorded in Topgolf Callaway Brands Corp stocks on 2024-09-30, growing by 0.81 million shares to a total of 18.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 17.34 million shares. There was a rise of 4.48%, which implies that there is a positive sentiment for the stock.
