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Ben Volkow, a director at Urgent.ly Inc. (NASDAQ:ULY), sold 2,178 shares of the company’s common stock on February 26, according to a recent SEC filing. The sale comes as the stock has declined nearly 80% over the past year, with InvestingPro data showing the company trading below its Fair Value. The shares were sold at an average price of $0.4422, resulting in a total transaction value of approximately $963. Following this sale, Volkow holds 339,406 shares in the company. The transaction was executed under a Rule 10b5-1 trading plan, which Volkow adopted on November 20, 2023. InvestingPro analysis reveals concerning fundamentals, including significant cash burn and a debt-to-capital ratio of 86%. Subscribers can access 10 additional ProTips and comprehensive financial metrics to better understand the company’s outlook.
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