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Ben Volkow, a director at Urgent.ly Inc. (NASDAQ:ULY), recently sold shares of the company’s common stock, according to a filing with the Securities and Exchange Commission. The transactions, executed under a Rule 10b5-1 trading plan, involved the sale of a total of 11,000 shares over two days. The sale comes as the company faces significant challenges, with InvestingPro data showing concerning cash burn rates and substantial debt obligations.
On February 24, Volkow sold 7,900 shares at a weighted average price of $0.45 per share, with prices ranging from $0.44 to $0.4675. The following day, February 25, he sold an additional 3,100 shares at a weighted average price of $0.4268, with prices ranging from $0.42 to $0.4506. The total value of these transactions amounted to $4,878. The stock is currently trading near its 52-week low of $0.41, having lost 80% of its value over the past year.
Following these sales, Volkow holds 341,584 shares of Urgent.ly common stock. With a market capitalization of just $5.67 million, investors seeking deeper insights into ULY’s financial health and valuation can access additional analysis through InvestingPro, which offers 12 more exclusive tips about the company’s performance and outlook.
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