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

U-Haul Holding (NYSE:UHAL.B) major shareholder Mark Shoen sold 23,000 shares of the company’s stock in a transaction on Monday, November 2nd. The stock was sold at an average price of $52.51, for a total value of $1,207,730.00. Following the transaction, the insider owned 287,196 shares in the company, valued at $15,080,661.96. This trade represents a 7.41% 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 10% or more of a company’s stock are required to disclose their transactions with the SEC.

U-Haul Trading Down 13.5%

Shares of NYSE UHAL.B traded down $8.11 during trading on Tuesday, reaching $52.14. The stock had a trading volume of 221,147 shares, compared to its average volume of 414,755. U-Haul Holding has a fifty-two week low of $39.62 and a fifty-two week high of $60.14. The business’s 50-day moving average price is $54.20 and its 200-day moving average price is $52.60.

U-Haul Company Profile

U-Haul Holding Company, formerly known as AMERCO, operates the U-Haul brand, a provider of do-it-yourself moving and storage services in the United States and Canada. Its offerings are designed for individuals and families relocating, transporting household goods, or requiring short- or long-term storage.

The company’s primary activities include truck, trailer and towing-equipment rentals; self-storage facilities; portable moving and storage containers marketed as U-Box; and the sale of moving supplies such as boxes, packing materials and protective equipment.