Topgolf Callaway Brands Corp. (MODG)
MODG moved a median of -0.35% 30 minutes after news, and -0.42% by the close. How MODG actually reacts to news — the realized, point-in-time move the market made, measured across 344 labeled events over the last three years with zero look-ahead.
MODG’s median reaction, across the day.
| Horizon | Median | % positive | Events |
|---|---|---|---|
| 5-min | -0.07% | 43% | 280 |
| 30-min | -0.35% | 40% | 281 |
| 60-min | -0.18% | 47% | 281 |
| to close | -0.42% | 44% | 283 |
| Middle 50% of MODG reactions | -1.39% to +0.90% |
|---|---|
| Median reaction (30-min) | -0.35% |
| Measured reactions | 344 |
Half of all Topgolf Callaway Brands Corp. news events land between -1.39% and +0.90% at 30 minutes.
Reaction stats as of 2026-09-21. Newest measured event . Reaction = percent move vs. the price at the news timestamp.
How MODG reacts, by analyst action.
| Event | Events | Median 30-min | % positive | Median to close |
|---|---|---|---|---|
| Analyst downgrades | 25 | -0.49% | 44% | -0.50% |
| Rating reiterations | 53 | -0.32% | 26% | -0.49% |
| Price-target cuts | 19 | -0.14% | 47% | -0.48% |
Last 3 years, pulled 2026-09-21. Reaction = percent move vs. the price at the news timestamp. Counts and medians only. The same measurement runs across every name in the dataset. 3 further classes were observed with fewer than 10 measured events and are not published. See how MODG ranks against every other measured name →
That’s how MODG usually reacts — get an email when it moves on news →Email me when MODG moves on news.
One email per qualifying move — the headline, the measured reaction, and how it compares to MODG's baseline. Nothing else.
Recent MODG events, each with its measured reaction.
| Date | Headline | Event | Source | 5-min | To close |
|---|---|---|---|---|---|
| Form 10-K Callaway Golf Co For: Dec 31 | SEC filing · Form 10-K | SEC EDGAR | — | — | |
| Form 8-K Callaway Golf Co For: Feb 27 | SEC filing · Form 8-K | SEC EDGAR | — | — | |
| Form 8-K Callaway Golf Co For: Feb 12 | SEC filing · Form 8-K | SEC EDGAR | — | — | |
| Callaway Golf Introduces Quantum Drivers, Fairway Woods, Irons, and Hybrids | Press release | PR Newswire | — | — | |
| Form 8-K Callaway Golf Co For: Jan 15 | SEC filing · Form 8-K | SEC EDGAR | — | — | |
| Form 8-K Topgolf Callaway Brands For: Jan 01 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | +3.11% | |
| Callaway Golf Introduces Chrome Tour, Chrome Tour X, and Chrome Soft Balls | Press release | PR Newswire | -0.41% | -0.68% | |
| Topgolf Callaway Brands Completes Sale of Majority Stake of Topgolf to Leonard Green & Partners | Press release | PR Newswire | +1.77% | +8.61% | |
| Form 8-K Topgolf Callaway Brands For: Dec 02 | SEC filing · Form 8-K | SEC EDGAR | +0.26% | -3.45% | |
| Form 8-K Topgolf Callaway Brands For: Nov 24 | SEC filing · Form 8-K | SEC EDGAR | +1.16% | +3.91% | |
| Topgolf Callaway Brands to Participate in Jefferies Virtual Fireside Chat | Press release | PR Newswire | +1.16% | +3.91% | |
| Topgolf Celebrates Milestone 100th U.S. Venue with Opening in New Braunfels on Dec. 5 | Press release | PR Newswire | -0.10% | -0.77% | |
| Form 8-K Topgolf Callaway Brands For: Nov 17 | SEC filing · Form 8-K | SEC EDGAR | -0.98% | -7.78% | |
| TOPGOLF CALLAWAY BRANDS ANNOUNCES AN AGREEMENT TO SELL A MAJORITY STAKE IN ITS TOPGOLF BUSINESS TO LEONARD GREEN & PARTNERS | Press release | PR Newswire | -1.34% | -4.90% | |
| Topgolf Launches 'Holiday Help' Hotline for Failed Office Parties | Press release | PR Newswire | -2.95% | -2.85% | |
| Form 10-Q Topgolf Callaway Brands For: Sep 30 | SEC filing · Form 10-Q | SEC EDGAR | +1.32% | +7.61% | |
| Form 8-K Topgolf Callaway Brands For: Nov 06 | SEC filing · Form 8-K | SEC EDGAR | +1.32% | +7.61% | |
| Form S-8 Topgolf Callaway Brands | SEC filing · Form S-8 | SEC EDGAR | +1.32% | +7.61% | |
| TOPGOLF CALLAWAY BRANDS ANNOUNCES THIRD QUARTER 2025 RESULTS | Press release | PR Newswire | +1.32% | +7.61% | |
| Topgolf Callaway Brands to Release Third Quarter 2025 Financial Results | Press release | PR Newswire | -0.77% | +3.18% | |
| No Tricks, Just Swings: Topgolf Woodbury Opens Thursday, October 30, Ahead of Halloween | Press release | PR Newswire | -1.07% | -0.96% | |
| Wisconsin, Get Ready to Play: Topgolf Breaks Ground on First Venue in the State | Press release | PR Newswire | +0.05% | +0.27% | |
| Score Free Play and Perks: Topgolf's $20 Monthly Membership Arrives | Press release | PR Newswire | -1.96% | -0.98% | |
| Game On: Topgolf Brings Fun, Food and Play to Avon, Ohio, Friday, Sept. 19 | Press release | PR Newswire | +0.00% | -1.19% | |
| TOPGOLF KICKS OFF ULTIMATE FOOTBALL EXPERIENCE THIS FALL | Press release | PR Newswire | -0.11% | -0.97% | |
| Form 8-K Topgolf Callaway Brands For: Aug 25 | SEC filing · Form 8-K | SEC EDGAR | -0.41% | -1.01% | |
| Form 10-Q Topgolf Callaway Brands For: Jun 30 | SEC filing · Form 10-Q | SEC EDGAR | +0.60% | -4.40% | |
| Form 8-K Topgolf Callaway Brands For: Aug 06 | SEC filing · Form 8-K | SEC EDGAR | +0.60% | -4.40% | |
| TOPGOLF CALLAWAY BRANDS ANNOUNCES SECOND QUARTER 2025 RESULTS | Press release | PR Newswire | +0.60% | -4.40% | |
| Topgolf Selects VergeOS to Power Infrastructure Across 100+ Venues, Offices and Core Data Centers | Press release | Business Wire | -0.81% | +3.33% | |
| Form 8-K Topgolf Callaway Brands For: Jul 29 | SEC filing · Form 8-K | SEC EDGAR | -1.43% | -7.09% | |
| TOPGOLF CALLAWAY BRANDS ANNOUNCES RESIGNATION OF ARTIE STARRS, CEO OF TOPGOLF | Press release | PR Newswire | -1.43% | -7.09% | |
| Topgolf Callaway Brands to Release Second Quarter 2025 Financial Results | Press release | PR Newswire | -1.68% | +0.43% | |
| Find Your Happy Place: Topgolf Celebrates the Premiere of Happy Gilmore 2 with a Limited-Edition Odyssey Hockey Stick Putter Giveaway at all U.S. Venues | Press release | PR Newswire | -0.11% | +0.38% | |
| Topgolf Added Field Goal Posts - Now It Needs a Dad to Inspect Them | Press release | PR Newswire | +0.22% | -2.44% | |
| Callaway Is Launching The Happy Gilmore 2 Limited Edition Odyssey Hockey Stick Putters and Golf Balls to Celebrate The Release Of The Highly Anticipated Movie | Press release | PR Newswire | -0.28% | -1.28% | |
| TOPGOLF LAUNCHES EXCLUSIVE EXPERIENCE INSPIRED BY MARVEL STUDIOS' "THE FANTASTIC FOUR: FIRST STEPS," IN THEATERS JULY 25 | Press release | PR Newswire | -0.80% | -1.23% | |
| Minjee Lee Wins KPMG Women's PGA Championship With a Callaway Elyte Driver, Callaway Chrome Tour X Golf Ball, and an Odyssey Ai-ONE Square 2 Square Putter | Press release | PR Newswire | +0.65% | +2.69% | |
| Panama City Beach, Meet Your New Summer Playground: Topgolf Opens June 27 | Press release | PR Newswire | -1.29% | +1.94% | |
| Construction Efforts Underway in Parsippany as Topgolf Breaks Ground | Press release | PR Newswire | +0.00% | -1.15% | |
| Form 8-K Topgolf Callaway Brands For: May 31 | SEC filing · Form 8-K | SEC EDGAR | -0.58% | -0.92% | |
| Topgolf Swings into Summer with Serious Value and Fun | Press release | PR Newswire | +0.32% | +5.49% | |
| Form 8-K Topgolf Callaway Brands For: May 29 | SEC filing · Form 8-K | SEC EDGAR | +0.00% | +4.58% | |
| Topgolf Callaway Brands Completes Sale of Jack Wolfskin to ANTA Sports | Press release | PR Newswire | +0.16% | -4.64% | |
| Form SD Topgolf Callaway Brands | SEC filing · Form SD | SEC EDGAR | -0.08% | +1.77% | |
| Form 10-Q Topgolf Callaway Brands For: Mar 31 | SEC filing · Form 10-Q | SEC EDGAR | -4.97% | -16.03% | |
| Form 8-K Topgolf Callaway Brands For: May 12 | SEC filing · Form 8-K | SEC EDGAR | -4.97% | -16.03% | |
| TOPGOLF CALLAWAY BRANDS ANNOUNCES FIRST QUARTER 2025 RESULTS | Press release | PR Newswire | -4.97% | -16.03% | |
| Topgolf Callaway Brands to Release First Quarter 2025 Financial Results | Press release | PR Newswire | +0.89% | +2.08% | |
| Form ARS Topgolf Callaway Brands For: Dec 31 | SEC filing · Form ARS | SEC EDGAR | +0.82% | +1.48% |
Each reaction is the move the market actually made, measured from the news timestamp. Headlines link through to the MODG section they belong to.
Where else MODG is measured.
MODG earnings → · Analyst actions → · SEC filings →
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How the numbers are made.
How is Topgolf Callaway Brands Corp.'s median reaction calculated?
Every labeled MODG news event is measured from its own timestamp: the last trade before the news is the base price, and the move is read at fixed horizons — 30 minutes of trading, then the close. The median across 344 events is what this page reports. Point-in-time, zero look-ahead: no event borrows information from a later one.
What counts as a positive reaction?
Any event whose price move is above zero at the horizon, relative to the last trade before the news timestamp. 40% of MODG's measured events are up at 30 minutes; the rest close the window flat or negative.
How often is this page updated?
The news table refreshes automatically as new events are labeled and priced. The reaction medians are re-pulled in batches from the dataset — the figures here are as of 2026-09-21.
Does MODG's past reaction predict its next one?
No. These are realized facts about past events, not forecasts. They describe a distribution — they say nothing certain about any future move.