In a filing, Topgolf Callaway Brands Corp revealed 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 $6.85 million.
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 $6.98 million.
Jefferies upgraded its Topgolf Callaway Brands Corp [MODG] rating to a Buy from a a Hold in a research note published on January 02, 2025; the price target was increased to $13 from $11. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in mid October from “a Buy” to “a Neutral”. Jefferies also remained covering MODG and has decreased its forecast on August 29, 2024 with a “Hold” recommendation from previously “Buy” rating. Raymond James revised its rating on August 23, 2024. It rated MODG as “an Underperform” which previously was an “an Outperform”.
Price Performance Review of MODG
On Tuesday, Topgolf Callaway Brands Corp [NYSE:MODG] saw its stock fall -1.44% to $8.92. Over the last five days, the stock has gained 16.30%. Topgolf Callaway Brands Corp shares have risen nearly 13.49% since the year began. Nevertheless, the stocks have fallen -36.10% over the past one year. While a 52-week high of $16.89 was reached on 01/06/25, a 52-week low of $7.22 was recorded on 01/02/25. SMA at 50 days reached $8.63, while 200 days put it at $12.43.
Levels Of Support And Resistance For MODG Stock
The 24-hour chart illustrates a support level at 8.76, which if violated will result in even more drops to 8.59. On the upside, there is a resistance level at 9.12. A further resistance level may holdings at 9.32. The Relative Strength Index (RSI) on the 14-day chart is 58.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.01, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.45%. Stochastics %K at 80.25% indicates the stock is a selling.
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 2024-12-13, dropping by -0.44 million shares to a total of 15.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 15.73 million shares. There was a decline of -2.88%, which implies that there is a negative sentiment for the stock.
