Topgolf Callaway Brands (MODG) Schaeffers Investment Research·2024-09-05 14:16Core Viewpoint - Topgolf Callaway Brands Corp (NYSE:MODG) is splitting into two distinct businesses, with Callaway focusing on golf equipment and active lifestyle products, while Topgolf will concentrate on golf entertainment [1] Group 1: Company Performance - MODG's stock is currently trading at 9.90 on August 30, 2024, and is down 22.6% year-to-date and 36% year-over-year, although it has gained 10.6% over the past week [2] Group 2: Market Sentiment - Short-term options traders are showing bearish sentiment, indicated by a Schaeffer's put/call open interest ratio (SOIR) of 0.87, which is higher than 76% of readings from the past year [2] - Analysts' responses to the separation may vary, with eight out of thirteen analysts maintaining "hold" or worse ratings, and 13.5% of the stock's total float sold short [3]