MODG.N Hits 52-Week High on Licensing News
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 11 2024
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Source: Fool
Shares of MODG.N surged to a 52-week high today, buoyed by the announcement of an extended licensing agreement between Topgolf Callaway Brands and Perry Ellis International. This long-term partnership, which now runs until December 31, 2032, is expected to bolster the Callaway-branded golf and lifestyle apparel segment significantly. The agreement not only secures ongoing collaboration but also introduces plans for a new premium apparel line set to launch by 2028, focusing on advanced performance materials. Executives from both companies highlighted their commitment to quality and innovation, further fueling investor confidence and driving the stock's upward momentum.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
