U-Haul (NYSE:UHAL.B) Major Shareholder Sells $1,224,520.00 in Stock

U-Haul Holding (NYSE:UHAL.B) major shareholder Mark Shoen sold 23,000 shares of U-Haul 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 of the company’s stock, valued at $12,841,275.04. This trade represents a 8.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

U-Haul Trading Down 17.0%

U-Haul stock opened at $49.98 on Friday. U-Haul Holding has a 52 week low of $39.62 and a 52 week high of $60.14. The firm’s 50-day simple moving average is $53.44 and its 200 day simple moving average is $52.62.

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.