Key Points
- Major shareholder Mark Shoen sold 23,000 U-Haul shares at an average of $49.67, for about $1.14 million. The sale reduced his position by 15.42%, leaving him with 126,196 shares.
- U-Haul shares fell $11.65 to $48.60 in Friday mid-day trading, a decline of 19.3%.
U-Haul Holding (NYSE:UHAL.B - Get Free Report) major shareholder Mark Shoen sold 23,000 shares of the stock in a transaction that occurred on Wednesday, November 11th. The stock was sold at an average price of $49.67, for a total transaction of $1,142,410.00. Following the transaction, the insider directly owned 126,196 shares in the company, valued at approximately $6,268,155.32. This represents a 15.42% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.
U-Haul Stock Down 19.3%
Shares of UHAL.B traded down $11.65 during mid-day trading on Friday, reaching $48.60. The company 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 firm has a fifty day simple moving average of $52.43 and a 200-day simple moving average of $52.54.
About U-Haul
(
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.
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