Key Points
- Major shareholder Mark Shoen sold 23,000 U-Haul shares at an average price of $50.11, for proceeds of about $1.15 million.
- After the sale, Shoen directly owned 310,196 shares, worth approximately $15.54 million; the transaction reduced his stake by 6.9% and was disclosed in an SEC filing.
- U-Haul shares opened at $52.14 on Wednesday; the article reports a 50-day average of $53.98 and a 52-week trading range of $39.62 to $60.14.
U-Haul Holding (NYSE:UHAL.B - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of the company's stock in a transaction 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 completion of the transaction, the insider directly owned 310,196 shares in the company, valued at $15,543,921.56. This trade represents a 6.90% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Large shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
U-Haul Trading Down 13.5%
Shares of U-Haul stock opened at $52.14 on Wednesday. The stock has a 50-day simple moving average of $53.98 and a 200-day simple moving average of $52.61. U-Haul Holding has a 52-week low of $39.62 and a 52-week high of $60.14.
About U-Haul
(
Get Free Report)
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.
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