Topgolf Callaway Brands Corp’s recent filing unveils 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 $4.9 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.
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 Monday, Topgolf Callaway Brands Corp [NYSE:MODG] saw its stock jump 3.07% to $6.38. Over the last five days, the stock has gained 1.75%. Topgolf Callaway Brands Corp shares have fallen nearly -18.83% since the year began. Nevertheless, the stocks have fallen -59.29% over the past one year. While a 52-week high of $16.89 was reached on 01/06/25, a 52-week low of $5.42 was recorded on 04/08/25. SMA at 50 days reached $6.55, while 200 days put it at $9.42.
Levels Of Support And Resistance For MODG Stock
The 24-hour chart illustrates a support level at 6.12, which if violated will result in even more drops to 5.86. On the upside, there is a resistance level at 6.52. A further resistance level may holdings at 6.66. The Relative Strength Index (RSI) on the 14-day chart is 50.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.09%. Stochastics %K at 62.42% 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 2025-03-31, growing by 0.63 million shares to a total of 17.42 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 16.8 million shares. There was a rise of 3.59%, which implies that there is a positive sentiment for the stock.
