Why Did Urgent.ly Plunge 9.65% After 94.88% Surge?

On June 26, 2025, Urgent.ly's stock price dropped by 9.65% in pre-market trading, marking a significant decline for the company.

Urgent.ly has recently experienced a series of dramatic price movements. On June 25, 2025, the stock surged by 94.88%, driven by key factors that propelled its upward trajectory. This surge was part of a broader trend of unusual price movements, with the stock experiencing a 61.8% intraday surge on heavy volume, despite the absence of fresh fundamental news. The company's stock also saw a 55.57% intraday jump, its largest single-day increase in months, again without any visible fundamental news.

Urgent.ly is targeting non-GAAP operating breakeven in mid-2025 while advancing its dual-source insurance strategy. This strategic move is aimed at stabilizing the company's financial performance and could be a factor in future stock price movements. The company's recent price volatility has been notable, with significant gaps in trading sessions, indicating heightened market interest and potential speculative activity.