Navios Maritime Holdings (NM) : Traders are bullish on Navios Maritime Holdings (NM) as it has outperformed the S&P 500 by a margin of 34.45% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 20.7%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 21.44% in the last 1 week, and is up 43.53% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Navios Maritime Holdings (NYSE:NM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $1.18 and $1.14 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $1.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $1.19, notching a gain of 0.85% for the day. The total traded volume was 1,388,313 . The stock had closed at $1.18 on the previous day.
The stock has recorded a 20-day Moving Average of 30.63% and the 50-Day Moving Average is 28.37%. Navios Maritime Holdings Inc. has dropped 25.16% during the last 3-month period . Year-to-Date the stock performance stands at -32%.
Navios Maritime Holdings Inc. (Navios Holdings) is a global, vertically integrated seaborne shipping and logistics company. The Company is focused on the transport and transshipment of dry bulk commodities, including iron ore, coal and grain. Navios Holdings operates through two segments: the Dry bulk Vessel Operations and the Logistics Business. The Dry bulk Vessel Operations segment consists of the transportation and handling of bulk cargoes through the ownership, operation and trading of vessels, freight and forward freight agreements (FFAs). The Logistics Business segment consists of the Companys port terminal business, barge business and cabotage business in the Hidrovia region of South America. Navios Holdings also offers commercial and technical management services to the fleets of Navios Partners, Navios Acquisition, Navios Midstream and Navios Europe. The Companys fleet (excluding the Navios Logistics fleet) consists of around 66 vessels.