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

U-Haul Holding (NYSE:UHAL.B) major shareholder Mark Shoen sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $53.24, for a total transaction of $1,224,520.00. Following the completion of the transaction, the insider owned 241,196 shares of the company’s stock, valued at $12,841,275.04. The trade was a 8.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Stock Down 13.8%

Shares of U-Haul stock opened at $51.92 on Friday. The company has a 50 day moving average of $53.64 and a 200-day moving average of $52.63. U-Haul Holding has a 1-year low of $39.62 and a 1-year high of $60.14.

About U-Haul

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.