U-Haul (NYSE:UHAL.B) Major Shareholder Mark Shoen Sells 23,000 Shares of Company Stock

U-Haul Holding (NYSE:UHAL.B) major shareholder Mark Shoen sold 23,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $53.24, for a total value of $1,224,520.00. Following the transaction, the insider directly owned 241,196 shares in the company, valued at $12,841,275.04. This represents a 8.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Trading Down 13.8%

NYSE:UHAL.B traded down $8.33 during trading hours on Thursday, hitting $51.92. The company’s stock had a trading volume of 221,147 shares, compared to its average volume of 414,755. U-Haul Holding has a 52-week low of $39.62 and a 52-week high of $60.14. The business’s 50-day moving average is $53.83 and its two-hundred day moving average is $52.62.

U-Haul Company Profile

U-Haul Holding Company, formerly known as AMERCO, is a North American provider of do-it-yourself moving and storage services. Its U-Haul business rents trucks, trailers and towing equipment, and sells moving supplies and related products. Customers can also use U-Box portable storage containers for moving or storage.

The company operates self-storage facilities and offers related services, including vehicle hitch installation and propane sales at some locations. Its network includes company-operated locations and independent dealers.

Founded in 1945 by Leonard Shoen, U-Haul serves customers in the United States and Canada.