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Shares of shipping companies have surged to their highest levels in a decade or more, as a prolonged crisis in the Strait of Hormuz squeezes the global supply of vessels. The rally is being driven by disruption, as freight rates and stock prices soar.
Shares of Danaos Corporation (NYSE: DAC - Get Free Report) crossed above its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $125.87 and traded as high as $152.00. Danaos shares last traded at $150.99, with a volume of 102,229 shares changing hands. Wall Street Analyst Weigh In A
On August 26, 2026, Danaos Corp (DAC) shares fell 3.1% to $147.78, marking a notable decline in the context of its recent performance. Over the past year, DAC h
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades, downgrades and initiations, please see our analyst ratings page.
Danaos NYSE: DAC reported higher second-quarter earnings as strength in its dry bulk segment offset largely stable container vessel revenue, while the company expanded its contracted revenue backlog to a record $4.6 billion.
Danaos Corporation (DAC) Q2 2026 Earnings Call Transcript
ATHENS, Greece, Aug. 3, 2026 /PRNewswire/ -- Danaos Corporation ("Danaos") (NYSE: DAC), one of the world's largest independent owners of container vessels, today reported unaudited results for the three and six month periods ended June 30, 2026. Financial Summary Three Months Ended June 30, 2026 and Three Months Ended June 30, 2025 Unaudited Three Months Ended Three Months Ended June 30, 2026 June 30, 2025 Financial & Operating Metrics Container Vessels Drybulk Vessels Other Total Container Vessels Drybulk Vessels Other Total Operating Revenues $238,650 $35,720 - $274,370 $239,446 $22,708 - $262,154 Voyage Expenses, excl.
Shares of Danaos Corporation (NYSE: DAC - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $117.09 and traded as high as $133.05. Danaos shares last traded at $131.9650, with a volume of 90,422 shares. Wall Street Analysts Forecast Growth Several brokerages have