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Why Montrose Environmental Group Stock Is Falling Today

Why Montrose Environmental Group Stock Is Falling Today

A fall in COVID-19 testing ate into results from environmental services company Montrose Environmental Group (NYSE: MEG), causing the company to miss expectations. Investors were apparently caught off guard, sending shares of Montrose down about 25% in midday trading Wednesday. Montrose provides environmental testing, lab services, remediation, and consulting to a range of industries.