Topgolf Callaway Brands Corp’s recently made public 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 $6.3 million.
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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 $6.43 million.
B. Riley Securities downgraded its Topgolf Callaway Brands Corp [MODG] rating to a Neutral from a a Buy in a research note published on October 17, 2024; the price target was decreased to $12 from $18. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late August from “a Buy” to “a Hold”. Raymond James also remained covering MODG and has decreased its forecast on August 23, 2024 with a “an Underperform” recommendation from previously “an Outperform” rating. KeyBanc Capital Markets revised its rating on August 08, 2024. It rated MODG as “a Sector weight” which previously was an “an Overweight”.
Price Performance Review of MODG
On Tuesday, Topgolf Callaway Brands Corp [NYSE:MODG] saw its stock fall -4.09% to $8.21. Over the last five days, the stock has lost -7.23%. Topgolf Callaway Brands Corp shares have fallen nearly -42.75% since the year began. Nevertheless, the stocks have fallen -37.18% over the past one year. While a 52-week high of $16.89 was reached on 07/31/24, a 52-week low of $7.95 was recorded on 11/19/24. SMA at 50 days reached $9.68, while 200 days put it at $13.14.
Levels Of Support And Resistance For MODG Stock
The 24-hour chart illustrates a support level at 8.07, which if violated will result in even more drops to 7.92. On the upside, there is a resistance level at 8.47. A further resistance level may holdings at 8.72. The Relative Strength Index (RSI) on the 14-day chart is 37.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.47%. Stochastics %K at 21.70% 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 2024-11-15, dropping by -1.07 million shares to a total of 15.73 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 16.8 million shares. There was a decline of -6.8%, which implies that there is a negative sentiment for the stock.
