AMERCO (NASDAQ:UHALB – Get Rating)'s share price reached a new 52-week high during trading on Thursday after an insider bought additional shares in the company. The stock traded as high as $68.22 and last traded at $66.77, with a volume of 6026 shares traded. The stock had previously closed at $63.17.
Specifically, insider James J. Grogan acquired 548 shares of the company's stock in a transaction on Wednesday, November 23rd. The shares were bought at an average cost of $58.50 per share, with a total value of $32,058.00. Following the completion of the acquisition, the insider now owns 1,448 shares in the company, valued at $84,708. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, President Edward J. Shoen purchased 320,850 shares of the stock in a transaction dated Monday, November 28th. The shares were purchased at an average cost of $59.16 per share, with a total value of $18,981,486.00. Following the completion of the purchase, the president now directly owns 924,000 shares of the company's stock, valued at approximately $54,663,840. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider James J. Grogan purchased 548 shares of the stock in a transaction dated Wednesday, November 23rd. The stock was purchased at an average cost of $58.50 per share, for a total transaction of $32,058.00. Following the completion of the purchase, the insider now directly owns 1,448 shares of the company's stock, valued at $84,708. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 473,498 shares of company stock valued at $28,288,320.
AMERCO Trading Down 3.5 %
AMERCO Company Profile
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AMERCO operates as a do-it-yourself moving and storage operator for household and commercial goods in the United States and Canada. The company's Moving and Storage segment rents trucks, trailers, portable moving and storage units, specialty rental items, and self-storage spaces primarily to the household movers; and sells moving supplies, towing accessories, and propane.
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