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

U-Haul Holding (NYSE:UHAL.B) major shareholder Mark Shoen sold 23,000 shares of U-Haul stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of $48.42, for a total transaction of $1,113,660.00. Following the completion of the transaction, the insider directly owned 356,196 shares in the company, valued at $17,247,010.32. This trade represents a 6.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

U-Haul Stock Down 16.0%

NYSE UHAL.B traded down $9.64 during trading on Friday, hitting $50.61. 221,147 shares of the company’s stock were exchanged, 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 stock’s 50 day moving average price is $54.43 and its two-hundred day moving average price is $52.59.

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.