Short
ELY is Taking a Huge Blow to Its Stock Value Due to Topgolf.
Many analysis showed that one of the reasons why ELY is doing well is because of their smart investment in Topgolf. As the whole economy is tanking and higher unemployment rate is expected, Drive Shack, a main competitor of Topgolf, is taking a nose dive in their stock price. I see a correlation of ELY taking a nose dive following Drive Shack's stock freefall on March 20th, 2020.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.