RTTNews | Oct 5, 2021 11:21AM EDT

11:21 Tuesday, October 5, 2021 (RTTNews.com) - Shares of shipping and logistics company Navios Maritime Holdings Inc. (NM) are up 13 percent on Tuesday's trading.

The stock has been on a upward movement since it recently announced the redemption of $10 million of its 11.25 percent senior secured notes due 2022 at a redemption price equal to 100 percent of the aggregate principal amount.

Currently at $5.88, the stock has traded between $1.45 and $15.42 during the past 52 weeks.

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