Topgolf Callaway Brands Sees Unusually High Options Volume (NYSE:CALY)

Topgolf Callaway Brands Corp. (NYSE:CALYGet Free Report) was the target of unusually large options trading on Monday. Stock investors acquired 3,613 call options on the company. This represents an increase of approximately 91% compared to the typical daily volume of 1,888 call options.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on Topgolf Callaway Brands in a research report on Tuesday, March 3rd. They issued a “sell (d-)” rating for the company. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company currently has an average rating of “Sell”.

Check Out Our Latest Stock Analysis on CALY

Topgolf Callaway Brands Trading Down 0.9%

Shares of NYSE:CALY opened at $13.25 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.22 and a debt-to-equity ratio of 0.31. Topgolf Callaway Brands has a 52 week low of $5.42 and a 52 week high of $16.65. The firm has a market cap of $2.44 billion, a PE ratio of -41.42 and a beta of 0.96.

About Topgolf Callaway Brands

(Get Free Report)

Topgolf Callaway Brands plc (NYSE: MODG) is a leading global sports and entertainment company formed through the merger of Callaway Golf Company and Topgolf Entertainment Group in July 2022. The company combines Callaway’s heritage in golf equipment design and manufacturing with Topgolf’s innovative, technology-driven entertainment venues. Topgolf Callaway Brands serves a diverse audience of golf enthusiasts, casual players and social visitors, offering experiences that span both competitive sport and leisure activities.

Under the Callaway Golf brand, the company develops and markets a broad portfolio of premium golf clubs, balls, accessories and apparel.

Further Reading

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