MODG Stock Up 45% in 3 Months: Buy on Strength or Wait for a Dip?

Key Takeaways MODG rallied 45.1% in three months after Q3 results showed a clear operational turnaround.MODG saw Topgolf same-venue sales turn positive as value offers drove high-teens traffic growth in core bays.MODG raised revenue and EBITDA guidance on strong equipment demand and cost control.Shares of the company Topgolf Callaway Brands Corp. (MODG) have surged 45.1% compared with the industry and the S&P 500’s growth of 1.1% and 3.4%, respectively.Shares of Topgolf Callaway have rallied as investors re ...