Why Montrose Environmental Stock Eroded This Week
Montrose Environmental(MEG) The Motley Fool·2024-04-18 16:16The company is building its cash stockpile for further dealmaking.Montrose Environmental Group (MEG 11.87%) shares have been flying high in 2024 and management has decided to use the strength to build its war chest.Shares of the environmental consulting firm were down 7.4% for the week, according to data provided by S&P Global Market Intelligence, as of Thursday afternoon, and at one point were down as much as 15%, after the company announced a secondary offering.Selling into a rallyMontrose Environmental i ...