Why Topgolf Callaway Brands Stock Was on Fire This Week
Like a well-hit golf ball sailing through the air toward its destination, Topgolf Callaway Brands (NYSE: MODG) stock was vaulting higher in price this week.According to data compiled by S&P Global Market Intelligence the sporting goods company's shares were up by nearly 23% in price week to date as of early Friday morning, thanks in no small part to a series of insider stock buys. The announcement of a new Topgolf facility also helped lift investor sentiment.While no investor should ever buy or sell a company's shares purely on the basis of insider transactions, often they signal confidence by a person familiar with the business.Continue reading
Like a well-hit golf ball sailing through the air toward its destination, Topgolf Callaway Brands (NYSE: MODG) stock was vaulting higher in price this week.
According to data compiled by S&P Global Market Intelligence the sporting goods company's shares were up by nearly 23% in price week to date as of early Friday morning, thanks in no small part to a series of insider stock buys. The announcement of a new Topgolf facility also helped lift investor sentiment.
While no investor should ever buy or sell a company's shares purely on the basis of insider transactions, often they signal confidence by a person familiar with the business.
