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Danaos (DAC) Shows Strength: Stock Adds 8.5% in Session
Danaos Corporation (DAC - Free Report) was a big mover last session, as its shares rose almost 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent downtrend for the company as the stock is now down 17.1% in the past one-month time frame.
Over the last 30 days, the company witnessed one positive estimate revision and the Zacks Consensus Estimate also moved higher, suggesting more solid trading ahead. So make sure to keep an eye on this stock going forward to see if yesterday’s jump can turn into more strength down the road.
Danaos currently sports a Zacks Rank #1 (Strong Buy) while its Earnings ESP is 0.00%.
DANAOS CORP Price
DANAOS CORP Price | DANAOS CORP Quote
A similar ranked stock in the shipping industry is Navios Maritime Holdings Inc. which also sports a Zacks Rank #1 (Strong Buy).
Is DAC going up? Or down? Predict to see what others think: Up or Down
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