There are many reasons why stock prices can experience pullbacks or declines, including:

Market corrections: Stock markets can experience periods of correction where prices readjust to reflect changes in economic conditions, political developments, or changes in market sentiment.

Company-specific news: Stock prices can decline in response to company-specific news such as earnings reports, management changes, product recalls, or legal disputes.

Changes in industry trends: Stock prices can be affected by changes in industry trends, such as new regulations or disruptive technologies that impact the competitive landscape.

Global events: Stock prices can also be affected by global events such as natural disasters, pandemics, or geopolitical tensions that can impact global trade and economic growth.

It is important to note that pullbacks are a normal part of the stock market cycle and should be expected, as they can provide opportunities for long-term investors to purchase quality companies at discounted prices. However, it is always important to conduct thorough research and consult with financial professionals before making any investment decisions.