Advanced Drainage Systems' stock declines after strong growth

Shares of Advanced Drainage Systems (NYSE: WMS) have experienced a significant decline after a period of strong growth. The company, which specializes in stormwater management, had previously seen substantial margin increases following the pandemic. This correction follows a notable rise in stock value over recent years. The market response indicates a shift in investor sentiment regarding the company's performance and future prospects. No specific reasons for the stock's decline were provided, but it marks a change from the company's recent upward trajectory.