Topgolf Callaway Brands Corp. (NYSE:MODG) is a top-performing stock, reaching a one-year high on Friday amid reports of a potential sale of its entertainment business for $1 billion. Stock price hit $11.60 before closing at $11.27, up 6.52%. Talks with private equity firm Leonard Green & Partners for potential takeover are ongoing. The company announced a wider net loss in Q3, but extended a licensing agreement with Perry Ellis International Inc. for Callaway-branded apparel. Bloomberg reported potential sale of Callaway brand. MODG focusing on strengths and growth of Callaway brand.

Read more at Yahoo Finance: Topgolf (MODG) His New 1-Year High on $1-Billion Sale of Entertainment Arm