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 U-Haul stock in a transaction on Monday, November 2nd. The shares were sold at an average price of $52.51, for a total transaction of $1,207,730.00. Following the completion of the transaction, the insider directly owned 287,196 shares of the company’s stock, valued at $15,080,661.96. The trade was a 7.41% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

U-Haul Trading Down 10.9%

Shares of U-Haul stock opened at $53.66 on Thursday. The firm has a 50-day simple moving average of $53.83 and a two-hundred day simple moving average of $52.62. U-Haul Holding has a fifty-two week low of $39.62 and a fifty-two 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.