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On August 24, 2022, Callaway Golf Company announced plans to change its corporate name to Topgolf Callaway Brands Corp. [20] Effective September 7, 2022, Topgolf Callaway Brands Corp. changed its ticker symbol on the New York Stock Exchange from "ELY" to "MODG".
Over the past few days, investors have not generally been willing to tee up with the stock of Topgolf Callaway Brands (NYSE: MODG). According to data compiled by S&P Global Market Intelligence, as ...
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Callaway Golf (ELY) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well. Why Callaway Golf (ELY) Stock Might be a Great Pick Skip to ...
On October 27, 2020, Callaway Golf Company announced it would acquire Topgolf for $2 billion. [18] At the time, Callaway held a 14% share of Topgolf. [19] Callaway had invested in Topgolf since 2006, with CEO Chip Brewer serving on the Topgolf board since 2012.
This was the reason Golfsmith owed $5.5 million to Callaway Golf Co., $5.1 million to Taylormade Golf Co. Inc., $3.5 million to Nike, $2.3 million to PING Inc. and $2.1 million to Titleist. Golfsmith CEO David Roussy blamed "a recession-driven decline in golf participation and an oversized brick-and-mortar retail presence" for its situation.
Callaway (ELY) could produce exceptional returns because of its solid growth attributes.
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