Golf company Topgolf Callaway Brands (MODG) announced it intends to split into two separate companies. The companies will be Callaway, which will house the equipment and apparel businesses, and Topgolf, which will be the entertainment business. The company expects Topgolf will be spun off, but the board is still evaluating options.

Asking for a Trend anchor Josh Lipton discusses the announcement in the video above.

For more expert insight and the latest market action, click here to watch this full episode of Asking for a Trend.

This post was written by Stephanie Mikulich.