U-Haul (NYSE:UHAL.B) Major Shareholder Sells $1,152,530.00 in Stock

U-Haul Holding (NYSE:UHAL.B) major shareholder Mark Shoen sold 23,000 shares of the company’s stock in a transaction that occurred on Friday, October 30th. The stock was sold at an average price of $50.11, for a total transaction of $1,152,530.00. Following the sale, the insider directly owned 310,196 shares in the company, valued at approximately $15,543,921.56. The trade was a 6.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

U-Haul Trading Down 13.8%

U-Haul stock opened at $51.92 on Friday. U-Haul Holding has a 52-week low of $39.62 and a 52-week high of $60.14. The company’s 50 day moving average is $53.64 and its two-hundred day moving average is $52.63.

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.