Should You Buy Danaos Corporation (DAC) Stock After it Is Up 10.63% in a Week?

Danaos Corporation (DAC) stock has gained 10.63% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Danaos Corporation has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on DAC!

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What is Stock Sentiment?

Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With DAC Stock Today?

Danaos Corporation (DAC) stock is up 1.99% while the S&P 500 has fallen -0.16% as of 3:09 PM on Wednesday, Jan 19. DAC has gained $1.59 from the previous closing price of $79.87 on volume of 413,958 shares. Over the past year the S&P 500 has gained 20.29% while DAC has gained 176.79%. DAC earned $45.18 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 1.8.

More About Danaos Corporation

Danaos Corp is an an international owner of containerships. It provides international seaborne transportation services by operating vessels in the containership sector of the shipping industry. The company's customer includes CMA-CGM, Hyundai Merchant Marine, MSC, Yang Ming, Hapag Lloyd, ZIM, Maersk, COSCO, OOCL, Evergreen, KMTC, SITC, Niledutch, Samudera and ONE; and for Gemini, MSC, CMA-CGM, Hapag Lloyd and TS Lines. Geographically, the company operates in Australia-Asia, Europe, and America, with maximum revenue from Australia-Asia region. Click Here to get the full Stock Report for Danaos Corporation stock.