The BHP Group Ltd (ASX: BHP) share price is having a tough finish to the week.
In afternoon trade, the mining giant’s shares are down 6% to $51.85.
This means the Big Australian’s shares are down almost 13% from the record-high of $59.39 they reached on Monday.
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What’s going on with the BHP share price?
While there has been some weakness in certain commodity prices since the war began in the Middle East, it hasn’t been severe enough to explain the pullback in the BHP share price.
It seems that there are other reasons for the selling from investors.
One could be profit-taking. When BHP’s shares reached their record high, it meant they were up approximately 50% over a 12-month period.
That incredible return…
