Why Callaway Golf Rose 13% in December

Shares of Callaway Golf (NYSE: ELY) rose 13% in December, according to data provided by S&P Global Market Intelligence, continuing their strong performance after a 37.3% rise in November.

Although there wasn't much new news in December, continued enthusiasm for Callaway and other "out-of-home" stocks pushed Callaway higher as we get closer to the wide distribution of a COVID-19 vaccine. That would especially benefit Callaway's new acquisition of Topgolf.

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Source Fool.com