Key Points
- Major shareholder Mark Shoen sold 23,000 U-Haul shares at an average price of $53.24, totaling $1.22 million.
- After the sale, Shoen directly held 241,196 shares, worth about $12.84 million; the transaction reduced his position by 8.71% and was disclosed in an SEC filing.
- U-Haul shares were reported down 13.8%; the stock opened Friday at $51.92.
U-Haul Holding (NYSE:UHAL.B - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of the business's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $53.24, for a total transaction of $1,224,520.00. Following the sale, the insider directly owned 241,196 shares in the company, valued at approximately $12,841,275.04. The trade was a 8.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company's shares are required to disclose their transactions with the SEC.
U-Haul Trading Down 13.8%
Shares of NYSE:UHAL.B opened at $51.92 on Friday. The company has a fifty day moving average of $53.64 and a 200-day moving average of $52.63. U-Haul Holding has a 52-week low of $39.62 and a 52-week high of $60.14.
U-Haul Company Profile
(
Get Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
