Insider Selling: U-Haul (NYSE:UHAL.B) Major Shareholder Sells $1,207,730.00 in Stock

U-Haul Holding (NYSE:UHAL.B) major shareholder Mark Shoen sold 23,000 shares of the firm’s stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $52.51, for a total value of $1,207,730.00. Following the completion of the sale, the insider owned 264,196 shares of the company’s stock, valued at approximately $13,872,931.96. This trade represents a 8.01% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

U-Haul Trading Down 13.8%

Shares of NYSE UHAL.B opened at $51.92 on Friday. U-Haul Holding has a 12-month low of $39.62 and a 12-month high of $60.14. The firm’s 50-day simple moving average is $53.64 and its 200 day simple moving average is $52.63.

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.