U-Haul (NYSE:UHAL.B) Stock: Insider Mark Shoen Sells 23,000 Shares

U-Haul Holding (NYSE:UHAL.B) major shareholder Mark Shoen sold 23,000 shares of the stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $50.11, for a total transaction of $1,152,530.00. Following the completion of the sale, the insider directly owned 310,196 shares of the company’s stock, valued at $15,543,921.56. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Stock Performance

UHAL.B stock opened at $53.66 on Thursday. The firm has a 50 day simple moving average of $53.83 and a 200 day simple moving average of $52.62. U-Haul Holding has a 52 week low of $39.62 and a 52 week high of $60.14.

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.