{"id":19806,"date":"2023-06-08T04:14:33","date_gmt":"2023-06-08T08:14:33","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/stocks-of-golf-equipment-makers-acushnet-and-topgolf-callaway-rise-again-as-pga-liv-merger-makes-golf-more-interesting\/"},"modified":"2023-06-08T04:14:34","modified_gmt":"2023-06-08T08:14:34","slug":"stocks-of-golf-equipment-makers-acushnet-and-topgolf-callaway-rise-again-as-pga-liv-merger-makes-golf-more-interesting","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=19806","title":{"rendered":"Stocks of golf equipment makers Acushnet and Topgolf Callaway rise again, as PGA-LIV merger makes golf more interesting"},"content":{"rendered":"
\n

Shares of golf equipment makers Acushnet Holdings Corp.
\n GOLF,
\n +3.76%<\/bg-quote>
\n and Topgolf Callaway Brands Corp.
\n MODG,
\n +1.50%<\/bg-quote>
\n rallied for a second-straight day toward one-month highs Wednesday, in the wake of the shock announcement that The PGA Tour, Europe\u2019s DP World Tour and the Saudi Arabia-backed LIV Golf circuit have agreed to merge. The stocks have been rising because as Jefferies analyst Randal Konik said, the merger has made the game of golf a little more interesting. \u201cThe recent announcement has undoubtedly caught the golf industry by surprise,\u201d Konik wrote in a note to clients. \u201cHowever, we believe that this unexpected agreement holds immense potential to elevate the sport of golf to new heights.\u201d Acushnet\u2019s stock advanced 1.0% in afternoon trading, after being driven up 4.5% on Tuesday. Meanwhile, Topgolf Callaway shares climbed 3.2% on Wednesday, after jumping 5.5% on Tuesday. In comparison, the S&P 500
\n SPX,
\n -0.38%<\/bg-quote>
\n slipped 0.4% on Wednesday, after edging up 0.2% the day before.<\/p>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Shares of golf equipment makers Acushnet Holdings Corp. GOLF, +3.76% and Topgolf Callaway Brands Corp. MODG, +1.50% rallied for a second-straight day toward one-month highs Wednesday, in the wake of the shock announcement that The PGA Tour, Europe\u2019s DP World Tour and the Saudi Arabia-backed LIV Golf circuit have agreed to merge. The stocks have […]<\/p>\n","protected":false},"author":1,"featured_media":1383,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-19806","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nStocks of golf equipment makers Acushnet and Topgolf Callaway rise again, as PGA-LIV merger makes golf more interesting | iFintechWorld<\/title>\n<meta name=\"description\" content=\"Shares of golf equipment makers Acushnet Holdings Corp. 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