U-Haul Rings New York Stock Exchange Opening Bell

Feb 20, 2023

NEW YORK CITY — U-Haul representatives rang the New York Stock Exchange (NYSE) opening bell on Jan. 24, an event that celebrated the Company’s recent name change and move to the exchange.

Team Members from U-Haul headquarters in Phoenix, including Royal Shoen, daughter of U-Haul CEO Joe Shoen, joined U-Haul field members based in New York to ring the bell.

Field members included store general managers Sam Baca and Emeny Hernandez-Bernard, as well as traffic control manager Domenico Tripodi. Also in attendance were Jason Berg, Chief Financial Officer, and Sebastien Reyes, Vice President of Communications.

Name Change and New Exchange

The transition from Nasdaq to NYSE was accompanied by the U-Haul parent company’s name change from AMERCO to U-Haul Holding Company. The change should make the name and market listing more easily identifiable with U-Haul – the parent company’s chief subsidiary. The name change was announced in October 2022.

“The majority of our customers are already transacting with us under the U-Haul name,” Berg stated. “This change may help with the marketability of our stock. Some investors have indicated that the investing public is unfamiliar with AMERCO, and that U-Haul is more recognizable and representative of what we do. The Company is listening and adapting to this feedback.

“AMERCO became the name of the (parent) Company in 1969. The acronym stands for Advanced Management Engineering and Research Company. U-Haul Holding Company better reflects the purpose of the parent Company and conveys where the organization’s focus is at.”

The New York Stock Exchange is an American stock exchange in the Financial District of Lower Manhattan. It is the world’s largest stock exchange by market capitalization.

More articles like this one…

What’s New

U-Haul Offers the Most Reliable and Road-Ready Trucks for DIY Movers

U-Haul Offers the Most Reliable and Road-Ready Trucks for DIY Movers

Moving can be one of life’s most stressful events. For do-it-yourself movers, dependability and peace of mind are essential. At U-Haul®, we have spent nearly 80 years building a reputation for reliable moving solutions. At the center of that promise is a commitment to...

U-Haul Embraces History at Ridgefield Fourth of July Parade

U-Haul Embraces History at Ridgefield Fourth of July Parade

Ridgefield’s tree-lined streets were filled with families waving American flags and applauding the iconic company that revolutionized the modern-day moving industry in their town 80 years ago. Located 22 miles north of Portland, Ore., the charming town known for being...

H2O Hero U-Haul Helps St. Vincent de Paul with Water Drive on ABC15

H2O Hero U-Haul Helps St. Vincent de Paul with Water Drive on ABC15

As the Arizona summer brings extreme temperatures, Phoenix-based nonprofit St. Vincent de Paul is ramping up their lifesaving water distribution by providing 4,400 bottles of water a day to at-risk persons seeking hydration and relief. This year, SVdP charity partner...

U-Haul Offers Disaster Relief to Central Illinois Storm Victims

U-Haul Offers Disaster Relief to Central Illinois Storm Victims

U-Haul® is extending 30 days of free self-storage and U-Box® container usage at six centers across central Illinois and western Indiana to residents affected by severe weather that hit the region. Storms packing high winds swept through several counties in...

U-Haul Offers 30 Days Free Storage to West Virginia Flood Victims

U-Haul Offers 30 Days Free Storage to West Virginia Flood Victims

U-Haul® is extending 30 days of free U-Box® container storage at two nearby centers to support residents impacted by severe flash flooding that happened over the weekend in West Virginia. Several inches of rainfall in a very short period of time overwhelmed...