Why Topgolf Callaway Brands Stock Is Driving Higher Today

Topgolf Callaway Brands (MODG 12.75%) is reportedly seeking buyers for at least some of its golf manufacturing assets. Investors are intrigued by the possibility, sending Topgolf shares up 11% as of 10:45 Eastern.Time to unwind a three-year-old deal?Callaway is one of the biggest names in golf, a manufacturer of clubs, balls, and other apparel and equipment. In 2021 the company acquired Topgolf, a chain of golf-related entertainment centers, in an effort to appeal to a younger audience that might not want t ...