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 firm’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $53.24, for a total value of $1,224,520.00. Following the completion of the transaction, the insider owned 241,196 shares of the company’s stock, valued at approximately $12,841,275.04. This represents a 8.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Trading Down 13.8%

Shares of NYSE:UHAL.B traded down $8.33 during midday trading on Thursday, hitting $51.92. 221,147 shares of the stock were exchanged, compared to its average volume of 414,755. U-Haul Holding has a twelve month low of $39.62 and a twelve month high of $60.14. The company has a 50 day moving average price of $53.83 and a 200-day moving average price of $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.